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1. A basic-rate taxpayer (20% tax on income) can earn £1,000 interest on savings per tax year without paying tax on it. Higher-rate taxpayers (who move into the 40% tax bracket) can earn £500 interest on their savings before being taxed. Additional-rate taxpayers (whose income extends into the 45% tax bracket) get no allowance.
You can expect to achieve up to 5% fixed return, depending on how long you choose to lend for. If you can, go for the ISA account to earn interest tax-free.
Our analysis of tax data for the 25 richest Americans quantifies just how unfair the system has become.



ProPublica is not disclosing how it obtained the data, which was given to us in raw form, with no conditions or conclusions. ProPublica reporters spent months processing and analyzing the material to transform it into a usable database.
Maybe you don’t want to start your own business or teach or freelance online, but you want a little extra spending money on top of your current income. The internet offers a wide variety of ways to make money without really working. You can find great tips on The Penny Hoarder website.

If you are looking to make a very quick buck, then selling your old bits and bobs that are cluttering up your room is a good idea.