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How To Save Money Tax Free

Money : Saving

If you can afford to save money, then you might as well do it tax free. You have paid tax on your hard-earned earnings, so why on your savings as well?



You can avoid this, up to a ?7000 limit with an ISA. There are two main types: stocks and shares, and a cash ISA. You can have two mini's of ?3000 a year or one maxi of up to ?7000.



As well as being tax free, the interest rates on these are very competitive and better than most other types of accounts.


By: Dan on Sat, Jun 22nd 2002

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