HMRC warning to Brits if they have more than £11,600 in bank account

HMRC issue warning to people with more than £11,600 in bank account

Many savers might find they become liable to a tax payment due to interest accrued on their accounts

HMRC warning to Brits if they have more than £11,600 in bank account

A personal finance expert has warned that savers could be liable to a tax payment due to interest accrued on their accounts - and may not be aware of it

UK households with savings in the bank urged to take notice of tax warning

While the vast majority of savers won't need to pay any tax on interest earned from their savings, it's important to be aware of the rules - as they're not as generous as they used to be

Brits with balance of £11,600 or more issued tax bill warning and told act now

A personal finance expert has warned that many savers might find they become liable to a tax payment at a much lower level of savings than they had anticipated

Savers with just £11,600 in the bank issued warning to avoid tax bill

Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, has issued a warning to savers as many will be unaware that they could be liable for tax on their savings