Welcome to our Savings Glossary. Here you will find definitions for more commonly used savings terms, making the jargon clearer. If you're unsure of any words or phrases, simply use the guide below.
From 6 April 2016, HMRC has introduced a Personal Savings Allowance for individuals and as a result interest on savings is paid gross of tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. For further information go to www.GOV.UK.