title: Your accounts. National Savings.
abstract: National Savings must be regarded as a conservative investment option and different types of contract suit different types of taxpayer and investor. The three main attractions are as follows: National Savings Certificates including the index-linked issue and the returns on SAYE contracts are free of all forms of taxation and thus in most cases provide attractive potential for those who pay tax at the highest rate. In the majority of cases returns are guaranteed, often over long periods of time, and even when returns are variable they can generally be expected to be very competitive compared with all other forms of conservative saving, both long-term and short-term. Interest is paid or credited without deduction of tax at source, this being a particular attraction to those who pay no tax. Table 1 shows how differing marginal tax rates are extremely significant, although accessibility should also be taken into account and this is perhaps where National Savings carry some drawbacks, especially during the first 12 months.
mesh_terms: D006801:Humans; D007182:Income; D007183:Income Tax; D007250:Inflation, Economic; D007449:Investments; D006113:United Kingdom