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Housewife - Savings tax applicable?

Posted Mon, 06 Nov 2023 18:39:54 GMT by
If you are a housewife and don't have any income, live on partners income, what is the maximum you can earn in interest on your cash savings before it is taxable.
HMRC Admin 19 Response
Posted Thu, 09 Nov 2023 14:02:37 GMT by HMRC Admin 19 Response
Hi,

The amount you can earn is £17570. You can see guidance here:

Tax on savings interest

Thank you.
Posted Fri, 29 Dec 2023 00:09:36 GMT by
As a housewife, I have transferred my marriage allowance to my partner and have no income or PAYE. When I checked the link, it stated £5000 tax free. Could you please clarify.
HMRC Admin 32 Response
Posted Tue, 09 Jan 2024 12:14:45 GMT by HMRC Admin 32 Response
Hi,

This will be the starter rate for tax on savings income. Details online at:

Tax on savings interest

Thank you.

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