Hello and welcome to the site. Thank you for your question.There is no limit on savings and savings interest you have/can have.If the account is in your sole name then the interest belongs to you for tax purposes and you should report all interest earned on your tax return. You can't allocate some of it to your husband to minimise your exposure to tax as such.
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This is money earned by my husband, which then gets saved in my name. Does this matter ?
I notice you have viewed my last response to your question taxation of interest receiveddon whether you have to pay tax on sale of a property that was previously rented out (JACUSTOMER-14968sqd- Last Viewed on 16/10/2014 at 11:42).
Just checking to see if you have any issues relating to your question that I may not have addressed. Please let me know if I can be of further assistance.
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