Dan Campbell

If your PSA is £1000 in the tax year and me and my wife have £20000 in a savings account we will get about £900 per year in interest at 4.8% this year? But does that mean we won’t get taxed on interest if we put in another £20K at 4.8% so we will get approx £1800 interest next year as ours is a joint account we will have our PSA split at £1000 each so we avoid paying tax if that makes any sense? All help is much appreciated.

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