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Personal savings allowance

Bjn201
Posted Fri, 15 Mar 2024 13:49:32 GMT 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
Posted Thu, 21 Mar 2024 10:59:58 GMT by HMRC Admin 25
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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