High Tax Payers off-set losses in income with Discount Vouchers

Falling interest rates, changes to taxes and benefits and above target inflation are causing big earners to turn to money saving websites to save pounds

[ClickPress, Fri Apr 01 2011] DiscountVouchers.co.uk, an independent money offers website has reported that it is not only shoppers in low income groups who are looking to save cash with money saving vouchers. The website has reported that traffic last month reached a record high and more than two-million people visited its website. Of those shoppers, 61% were top earners.

The report comes shortly after the results of the latest research by the BBC* revealing that compared with 2008, UK households are losing 1.6 per cent of their annual income after tax deductions, which adds up to as much as £365. But it’s been the higher tax payers who have been hit worst by the taxes hikes, lost benefits, and lower interest on financial assets. The report reveals that they are losing out by 3.8% (£2230).

Simon Terry, director of DiscountVouchers.co.uk, says: “Money saving vouchers have always been popular with shoppers in low income groups but the latest Government changes to taxes, benefits, interest rates and inflation have led to the big earners catching on and taking advantage too. And why shouldn’t they?”

“Right across all social groups a large portion of annual income is being lost and saving money with discount vouchers is really making a difference to consumers in terms of their monthly expenditure. There are now a huge range of discount codes available and retailers from travel companies, restaurants and supermarkets are jumping on the bandwagon and offering discounts at a time when shoppers need it most.”

Big name brands like House of Fraser, Marks & Spencer, Lastminute.com, Tesco, Boden and Pizza Express, offer discounts from 10% off to 50% plus. The website also lists sale items so that households can save money on a huge selection of products, from children’s clothes, groceries, cinema trips and meals out.

DiscountVouchers.co.uk is the UK’s favourite money saving websites and offers over 4,000 deals from more than 800 different retailers every day.

For the latest discounts and to find out more visit www.discountvouchers.co.uk
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* http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/

About DiscountVouchers.co.uk
DiscountVouchers.co.uk features the latest money saving offers from a growing range of retailers, all updated in real time. Designed to help consumers save money with both leading high street brands and specialist retailers, DiscountVouchers.co.uk offers one of the widest choices of discounts available.

Part of ASAP Ventures Ltd, the company behind the award winning Carrentals.co.uk price comparison site, DiscountVouchers.co.uk is committed to offering a growing range of the best savings available online.

For more information visit www.discountvouchers.co.uk

Media contact –
Rachel Builder & Jenny White
Context
discountvouchers@contextpr.co.uk
T: 01625 511966