Anyone help with some advice?
A year ago, I sold my house. After paying off my debts I was left with about £80K, which I put in an easy-access savings account. I am now living off the interest, as I am unable to work, since I am looking after an elderly parent which ties me up 7 days a week. The only income I get is the interest off my £75K savings. The interest I get is about 4.86% net. Should I apply for gross interest to be paid on my savings?
Thanks,
JD