Mae cynilo yn dechrau yma
Croeso i’n canolfan cynilo ar-lein, eich man newydd i fynd iddo i gael yr holl awgrymiadau ac offerynnau gorau ar gyfer arbed arian. Y man a all droi hyd yn oed y cynilwyr mwyaf anfodlon yn gynilwyr doeth.
Yma cewch awgrymiadau ar arbed arian, offerynnau, cystadlaethau a fideos i’ch helpu i gychwyn ar eich taith cynilo. Cewch hefyd fideos llawn gwybodaeth er mwyn eich helpu i gael gwell dealltwriaeth o gyfrifon ISA a’r Lwfans Cynilo Personol.
Rydym yn deall y gall cynilo ymddangos yn anodd, a dyna pam yr ydym ni yma i’ch helpu. Mae gennym dros 150 o flynyddoedd o brofiad o helpu ein Haelodau i wneud y defnydd gorau o’u harian. Yn wir, fel un o’r darparwyr cynilion a argymhellir amlaf yng Nghymru^, rydym yn gartref i Gymdeithas gyfan o Gynilwyr.
ISAs in 5 mins
ISAs are a great way of making your savings work harder, because you don’t have to pay a single penny of tax on the interest you earn. That means all the interest we pay, you keep for yourself. Perfect for helping you reach your savings goal faster.
ISAs or Individual Savings Accounts are just accounts that offer interest that is tax-free. At Principality, we offer Cash ISAs.
Your annual ISA allowance (which is £20,000 for the 2019/2020 tax year) is the amount of new money you can place into an ISA per year. Interest is tax-free which means all the interest that is paid to you, you keep for yourself.
If you open an ISA and continue to save in ISAs, over time, your tax-free allowance builds. It’s a benefit that stays with you as long as you keep your savings in an ISA. This means you can save up to £20,000 this tax year, and earn tax-free interest on that. Then next year you can save up to next year’s allowance and earn tax-free interest on that, in addition to your previous year’s savings. And so on…you can keep adding to your ISA savings over the years.
At the end of your life you can pass on your accumulated ISA allowance to your spouse or civil partner, which they can use in addition to their own ISA allowance.This means that it’s possible for them to limit the amount of tax they pay on savings.
If you complete a tax return, you do not need to declare any ISA interest, income or capital gains on it.
Try these top tips and your savings might surprise you:
Get more from your savings with our 4 top tips:
Set a budget
Calculate your monthly income and all your outgoings, so all bills, food shopping, gym, subscriptions, going out money etc. From the amount you have left over, you can put that figure away to save.
Set up a standing order
Once you've worked out what you can spare to save each month, set up a direct debit for each pay day so that amount goes straight into a savings account. This way you don't even see the money so can't be tempted.
Want vs needs
If you can take a step back and ask yourself if you need that takeaway, new jacket or drink with your meal, you will be able to reign in what you don't need and save more.
Use cash not cards
It's so easy now to tap and go, but if you physically withdraw the amount you want to spend on shopping, nights out or meals, and leave your card at home, then you cannot over spend.
3 easy ways to start saving
Learn how to turn a little change into a big difference.
Introducing the Personal Savings Allowance
Learn about the Personal Savings Allowance and what this means to you.
What you say about us
Have some feedback you would like to share? Share with us on social media using #societyofsavers and see the other quotes below!
^ Tax-free means the interest you earn is exempt from UK Income Tax and Capital Gains Tax. You can hold multiple ISAs as long as you only subscribe to one Cash ISA product for each tax year (6th April in one year to 5th April in the next). Tax treatment depends on your individual circumstances and may not be maintained in the future.