Skip to main content

beta This is a new service – your feedback will help us to improve it.

Personal Savings Allowance

Answer
Daniel Lo
Posted Tue, 15 Oct 2024 09:42:59 GMT by Daniel Lo
Hi if my pension income is £12570 (only income) and I earn interest of £5,100 am I correct in thinking that £5,000 will be covered by the staying rate for savers and the additional £100 will be covered by the PSA of £1,000? Thanks
Answer
HMRC Admin 19 Response
Posted Wed, 23 Oct 2024 08:57:59 GMT by HMRC Admin 19 Response
Hi,
Yes, that is the correct. You can see guidance here:
Tax on savings interest
Thank you.

You must be signed in to post in this forum.