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Personal savings allowance

Bjn201
Posted about a year ago by Bjn201
Hi, Imagine i earnt - £125,000. - do i get the savings allowance of £500? - What if I earn £,125,200? Do I get ZERO allowance now? I see the threshold is 125,140 to be additional rate tax payer, but does the personal savings allowance immediately get removed if i earn £1 over 125,140? Or is it a sliding scale? Thanks!
HMRC Admin 25 Response
Posted 12 months ago by HMRC Admin 25 Response
Hi Bjn20,
If you are an additional rate tax payer then you will not be entitled to the personal savings allowance:
Income Tax rates and Personal Allowances
Thank you. 

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