310 Income Tax on holiday This week is an Income Tax Holiday. All Income Tax paying wage-earners benefit— some by paying less tax, some by paying no tax at all; some by paying no tax and getting a cash rebate. What a chance to put a bit extra into your savings—without cutting down on your normal weekly expenditure! It'll all help towards your personal savings target —the worthwhile things you're going to spend your money on later. Now is the time to increase your NATIONAL SAVINGS EVERY £1 INVESTED WILL HELP TOWARDS THE NATIONAL TARGET OF £520 MILLION.