What would you prefer... Earning one per cent interest on your savings tax-free Earning five per cent interest on your savings, subject to basic rate tax
Why I chose the 1% option.
1% might be the right level of interest rates (not at the moment but that's a different story) plus I think there should be no tax on interest, the government didn't earn the initial capital and it didn't earn the interest either so morally I'd prefer a smaller but more moral amount.
1 comments:
What would you prefer...
Earning one per cent interest on your savings tax-free
Earning five per cent interest on your savings, subject to basic rate tax
Why I chose the 1% option.
1% might be the right level of interest rates (not at the moment but that's a different story) plus I think there should be no tax on interest, the government didn't earn the initial capital and it didn't earn the interest either so morally I'd prefer a smaller but more moral amount.
WV: wasts
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