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# 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"
  
  

``` 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