How you are taxed is dependent on your individual circumstances and subject to change. 

Provided you are eligible to hold an IFISA account, any interest earned from your easyMoney IFISA account is earned tax-free. Please remember the current ISA allowance is a maximum of £20,000 per annum. If you plan on investing more than £20,000 you will need to invest in your regular account, which may well be taxable. 

Any interest earned from your Regular investment account is regarded as income and could be subject to income tax.

We recommend that you speak to a tax adviser if you are unsure about how much tax you need to pay.

Good to know

Under the recent Personal Savings Allowance (PSA) regulations, you can earn between £500 and £1000 in interest tax-free. This is dependent on your tax status and the amount that you earn.

You are responsible for accounting to HMRC and the Department of Work & Pensions (DWP) any tax that is due, including details of your earnings as part of your self-assessment tax return. The rate of tax will depend on your overall income. 

Please refer to the following links for guidance:

https://www.gov.uk/income-tax-rates/current-rates-and-allowances for the current income tax rates and https://www.gov.uk/apply-tax-free-interest-on-savings for current UK savings allowances.