Automate your savings
Choose a percentage and we’ll transfer that percentage of your income to your tax pot every time you’re paid.
Tax pot savings, working hard for you
The easiest way to save for your tax return – automatically move money to your tax pot every time you’re paid and earn 1.2% AER (variable).
Accounts powered by Griffin. Eligible deposits of up to £120,000 are protected by the FSCS.
Never get caught out by a tax bill again
Your tax returns shouldn’t be a surprise. Tax pots help you save for your tax return as you earn, making it easier to stay prepared for upcoming Self Assessment, Corporation Tax and VAT deadlines.
Know where you stand
See how much you need to save to reach your real-time tax estimate. No guesswork and no surprises.
Move money at any time
Withdrawals made after 12pm or on weekends and bank holidays take one working day to reach your account.
Grow your tax pot with 1.2 AER (variable)
- Included in your monthly subscription
- Start saving from £1 and enjoy monthly interest payments
- Interest rate is variable and tracks the Bank of England base rate
- Interest accrues daily and is paid monthly directly to your tax pot
- Automate your tax savings with auto-transfers do you don't lose out on interest
Tax pot – brilliant idea and saves so much stress and hassle. Set it up and think no more about it, money set aside on every incoming payment ready for the dreaded tax bill. Takes the stress right out of it all.
Shelley Folkes
Save more. Stress less.
Get a smart business bank account, tax pot with 1.2% AER (variable) and automated tax tools in one app. Sound good?
Savings summary box (FAQs)
Money held in your tax pot earns 1.2% AER (variable).
The interest rate tracks the Bank of England base rate and can change over time. You can find the base rate here.
Interest accrues daily and is paid into your Tax Pot monthly on the first calendar day of the following month.
AER stands for Annual Equivalent Rate and shows what you could earn over a year if interest was paid and compounded annually.
Yes, because the interest rate on your tax pot is variable and tracks the Bank of England base rate. If the Bank of England changes the base rate, your tax pot interest rate will update within 24 hours.
We may also change the rate by adjusting the margin applied to the base rate. If we reduce the rate, we’ll give you at least 14 days notice. If we increase the rate, the change will take effect immediately.
We’ll always let you know about changes to the interest rate in the app and by email.
At 1.2% AER (variable), £1,000 would earn £12 in interest over 12 months, giving a total balance of £1,012.
This example assumes the interest rate doesn’t change and that no additional deposits or withdrawals are made during the year.
Yes, you can withdraw money from your tax pot at any time. but withdrawals may not reach your account until the next working day.
Withdrawals are free and you can make them in the app.
Countingup accounts (including tax pots) are powered by Griffin. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per depositer.
It’s important to note that £120,000 is the maximum protection available across all eligible deposits you hold with Griffin, including accounts held through other Griffin-powered providers. Learn more about Griffin’s deposit protection.
Griffin Bank Ltd (“Griffin”) is registered in England and Wales (No.10842931). Griffin is authorised by the Prudential Regulation Authority and regulated by the Prudential Authority and the Financial Conduct Authority. Griffin’s firm reference number is 970920.
Interest is paid gross, without the deduction of income tax. It’s your responsibility to declare any income and pay any tax due.
Tax pots are a feature of Countingup accounts – you can’t get one without a Countingup account. Want to apply for a Countingup account? Find out if you’re eligible here.