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Financial expert warns savers may face tax on interest earned over certain limits.
Financial expert Martin Lewis warned on his BBC podcast that savers with over £10,000 might face tax on interest earned, not the savings themselves.
He noted basic rate taxpayers can earn £1,000 in interest tax-free, while higher rate taxpayers can earn £500 tax-free.
Lewis advised younger savers to consider long-term investments over traditional accounts and highlighted cash ISAs as a tax-free savings option.
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Experto financiero advierte que los ahorradores pueden enfrentar impuestos sobre los intereses ganados por encima de ciertos límites.