However, it’s currently possible to get around a 5% interest rate with some of the best paying easy-access savings accounts. This means that someone could earn upwards of £1,000 in interest on their savings each year by holding more than £20,000 in such an account, which they woul...
The amount of tax payable on the income you make from selling online is determined by the Income Tax band your total taxable income falls into. You’ll pay:BandTaxable income Tax rate Personal Allowance Up to £12,570 0% Basic rate £12,571 to £50,270 20% Higher rate £...