Frozen tax thresholds mean increasing numbers of savers could face paying more tax on their savings but there are ways to shelter some of your money from the taxman using an individual savings account (ISA).
Moneyfacts has warned that more than four million people are expected to move up into the higher-rate tax tax band by 2030, which will mean a reduced personal savings allowance (PSA) of £500 compared with £1,000.