Are there any tax implications if I save money with Upside?
Understanding Tax liability on your Upside Account:
The balance in your Upside Account does not accrue interest
As such, there is no tax liability incurred on money saved in your Upside Account"
- This information does not aim to provide or constitute tax advice
- Please seek independent appropriate tax advice if deemed required
- The source of the funds are subject to standard UK Tax regulations as set out by HMRC
- It is your responsibility to ensure you pay appropriate taxes as outlined by HMRC
The balance in your Upside Account does not accrue interest
As such, there is no tax liability incurred on money saved in your Upside Account"
Please Note:- This information does not aim to provide or constitute tax advice
- Please seek independent appropriate tax advice if deemed required
- The source of the funds are subject to standard UK Tax regulations as set out by HMRC
- It is your responsibility to ensure you pay appropriate taxes as outlined by HMRC
Updated on: 24/11/2020
Thank you!