Tax on savings interest #make #extra #income http://income.nef2.com/tax-on-savings-interest-make-extra-income/  #income tax savings # Tax on savings interest 1. How much tax you pay You’ll pay tax on any income above this at your usual rate of Income Tax . Savings covered by the allowance The allowance applies to interest from: bank and building society accounts savings and credit union accounts unit trusts, investment trusts and open-ended investment companies peer-to-peer lending The…