Читать книгу 101 Ways to Save Money on Your Tax - Legally! 2022-2023 - Adrian Raftery - Страница 78

The principal from the Home Equity Access Scheme is accruing interest at a rate (currently 3.95 per cent) which is significantly higher than what banks lend at. Whilst we all know of the benefits of compound interest when saving, with no minimum repayment back to the government, there can be sizable detriment as interest is charged on interest over time.