![5 wooden blocks, a person is tilting the first 2 blocks so 2 sides of it can be seen, the final 3 blocks have the letters 'ING' on them, the first 2 show 'SAV' to read 'SAVING' and 'INVEST' to read 'INVESTING' 5 wooden blocks, a person is tilting the first 2 blocks so 2 sides of it can be seen, the final 3 blocks have the letters 'ING' on them, the first 2 show 'SAV' to read 'SAVING' and 'INVEST' to read 'INVESTING'](/sites/default/files/styles/responsive_4_3_600w/public/2024-02/1_tax_on_savings_and_investments._dmitry_demidovich.jpg?h=f667ba7c&itok=PuaDst2O)
Tax on savings and investments
Income from savings and investments can be taxed differently depending on what type of income it is. There are separate rates of tax for savings income and for dividend income. These apply to the savings and dividend income of all UK taxpayers, including Scottish and Welsh taxpayers....