Question

As the tax year draws to an end on april 6th: the clock is ticking for those who want or have "help to buy" isas. however, the question remains where’s the best place to put your hard-earned money? if you want easier access to your cash, you might only get 1.5%, but if you lock up your savings for 2 years, rates as high as 2.28% are available. as financial advisor dave rubin points out "if you have funds to invest, even a few hundred pounds, keeping the taxman’s paws off your interest is essential if you want to maximise long-term growth."

Answer 1

As the tax year draws to an end on April 6th,However, the question remains:As financial advisor Dave Rubin points out.

What is tax?

A tax is a mandatory financial charge or other sort of levy imposed on a taxpayer by a governmental organization to fund government spending and related public expenses, and taxation is a type of levy.

A tax deduction is a provision that lowers the amount of taxable income. A standard deduction is a single, fixed-amount deduction. Itemized deductions are popular with higher-income taxpayers because they frequently have considerable deductible expenses such as state/local taxes paid, mortgage interest, and charitable contributions.

The effective tax rate is the percentage of an individual's or corporation's income that is paid in taxes. Individuals' effective tax rate is the average rate at which their earned and unearned income, such as stock dividends, are taxed.

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