Savers Warned: Over Five Million Accounts at Risk of Tax Bill Due to Soaring Interest

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Finance

13 August 2026 at 10:38 pm

Savers Warned: Over Five Million Accounts at Risk of Tax Bill Due to Soaring Interest

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Summary

More than five million non-ISA savings accounts are now at risk of incurring a tax bill due to increased interest earnings. The number of accounts forecast to earn over £1,000 in interest has surged by 1,047%.

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