Tax on Savings Interest

Hi HMRC Admin, Thank you so much to your good adice. Regards, Olive

Hi CHRIS SMITH,
You are correct.
Thank you. 

This will be my first year filing self assessment as I retired and have moved from USA to UK. My sole income is my US Social Security pension of about £24000/year and an additional £6000 of US sourced interest income. How is this all taxed after I take my £12570 personal allowance? I'm confused about how the interest is taxed. Are pension and interest combined and balance after personal allowance taxed at 20% or is the interest separate and taxed differently? Thank you

Hi Brian,
Yes the balance above the personal allowance will be taxable.
Tax on savings interest
Tax rates, Income Tax rates and Personal Allowances.
Thank you.

My wife earns £11,304 from pension income against a tax allowance of £11,318. Is she able to earn up to £6,000 in savings interest made up of the £5,000 low income savings allowance and the £1,000 PSA. That would take combined income to less than the £17,570