Money expert Martin Lewis has revealed two fully legal methods for shielding yourself from paying tax on your savings.

HMRC automatically gives a Personal Savings Allowance to everyone who works and pays Income Tax, so those earning more than £12,570 a year.

This is the amount you can make via interest on your savings accounts, paid to you by your bank, in a given tax year.

Those who earn less than £50,270 can earn £1,000 in savings interest before they owe tax, but those earning above that…