HMRC is sending tax letters to savers who exceeded allowances
Source: https://share.google/aimode/RToVYJBQjpBRj7E5h HM Revenue and Customs (HMRC) is currently sending “nudge” letters to nearly 900,000 savers who may have exceeded their tax-free Personal Savings Allowance (PSA). Why Is This Happening Now? Rising Interest Rates: Higher rates on savings accounts (often 5% or more) mean savers are hitting their tax-free limits much faster than in previous