MoneyWeek

Tuck your savings away tax-free

An extraordinary year is culminating in an unusual individual savings account (Isa) season. Months of lockdown mean many of us have saved more than we would normally manage. Unfortunately interest rates are at record lows, so cash Isas don’t appear especially appealing. But don’t let low rates put you off protecting your money from the taxman. In future you’ll be glad you did.

Savings held within a cash Isa can grow without the taxman taking a cut as no

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