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flag Martin Lewis warns savers over £10k that interest—not principal—is taxable and urges smarter savings choices for better returns and tax savings.

flag Martin Lewis cautioned savers with over £10,000 that interest earned on savings—not the savings themselves—is taxable, urging awareness of how tax rules affect income from savings. flag On his BBC podcast, he advised younger savers to consider alternatives to traditional accounts, especially in environments with high inflation or low interest rates, to potentially achieve better returns and improved tax efficiency. flag His message emphasizes informed decision-making to grow savings while minimizing tax burdens.

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