Try
to put some money aside in case you are faced with unexpected expenditure.
Interest is paid after tax is deducted.
Your savings are sheltered from tax if you opened an ISA.
In April 1999, TESSAs were replaced by Individual
Savings Accounts (ISAs). These enable you to save tax free and
make withdrawals without being locked into a time period.
REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.
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