Crypto + Capital gains vs Saving allowance

Hello, Could someone kindly help clear up something I'm struggling with separating. CGT Allowance is 3k Saving allowance is upto 5k (https://www.gov.uk/apply-tax-free-interest-on-savings) Let's assume I have full 5k allowance. I make 2k on none ISA savings interest. I made 2k on Crypto exchanges. Does this put me 1k over CGT? Or is the saving's interest totally separate? Still leaving free 1k CGT headroom?

Hi,
The savings allowance is completely separate.
Your CGT allowance is £300 for 2024 to 2025, so anything above this would be liable irrespective of any other income received.
Thank you.

Thanks for the reply. In order to obtain full clarity could you confirm as I find your wording potential conflicting. "allowance is completely separate" vs "anything above... irrespective of any other income received" To be clear. In my example, is the CGT on 4k regardless of saving allowance or on 2k because the saving allowance is utilized

Hi,
The savings allowance relates only to interest received and has nothing to do with capital gains. In your example, your crypto is £2000, and this is what falls under capital gains. This amount is within the annual exemption for 2024 to 2025. You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

Hi, Thank you. That helps. May I just enquire; "The savings allowance relates only to interest received and has nothing to do with capital gains" My understanding is that if interest received went over the saving allowance then CGT is owed. You said they have nothing to do with each other, so I'm guessing you're right and I'm wrong but I thought they were connected through the nature of IF saving allowance is exceeded THEN CGT... no?

Hi,
The savings allowance only applies to savings.  Savings are usually from bank or building society interest, but a list of interests covered by the allowance can be found at:
Tax on savings interest
Interest is income taxed under income tax rules.  Capital gains tax is a separate tax and arises from the disposal of assets for more than they were acquired for:
(Capital Gains Tax).
Thank you.