I've spent the last hour reading up on possible bank accounts/ savings accounts and I'm really confused
I work full time and I can live fine off the wages from my FT job. I have just started camming and I enjoy it....I'm going to use it as a way to save for my breast implants.
My intentions are to open another bank account and have any earnings from camming (even if its just £10 a week or whatever) go straight into a separate bank account from my day to day one.
I thought about opening an ISA which is tax free but it says if you withdraw money in the tax year you can't put it back in...I.e if you have £4,000 in there and take out the £4,000 you can only put in £11,000 as that £4,000 is deducted from the total amount of £15,000 for the tax year.
Then I read if you open a normal back account and just put savings into that...it is taxed?! Does that mean if I pay taxes on the money from Camming...and my full time job...I will then be taxed AGAIN on that money that I have decided to save and not spend?
I'm super confused. How do you ladies save and can you recommend any bank accounts or ISA's? My day to day account is with Natwest... I was going to just open a normal account with Halifax/santander and just shove the card in the draw...but the tax thing has confused me?




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