Publisher's Synopsis
Pensioners are losing many millions of pounds each year through saving badly and paying too much tax. The central theme of Your Taxes & Savings 2003-2004 is to help them make the most of their money. It is full of invaluable advice on topics we all need to know more about. The section on taxation explains how much tax to pay, how to avoid paying too much this year and how to claim it back from previous years with compensation or interest. It also looks at the most common hidden tax traps. The section on savings includes information on the wide variety of complicated savings products that are around - and what risks and returns older people should expect from each. It will also looks at how to save money in simple ways, how to avoid wasting money in savings accounts that pay nothing, and how to get the best interest, even on a current account. There is also advice on the Financial Services Authority, and the unified complaints and compensation schemes.
