Starting Rate For Savings

Hi if my income from wages is £12570, and i am not drawing any pension income but i have interest on savings of £15,000 am i correct in assuming that the tax on savings income would start at £17570 please?

Hi,
That is correct, you can see guidance here:
Tax on savings interest
Thank you.

Why is the above correct? It looks wrong to me. If Simon Jones is earning £12,570 that uses up all his Personal Allowance. So he should have £5,000 starting rate for savings and £1,000 personal savings allowance still available. Therefore tax on his savings income would start after £6,000 (not at £17,570 as stated) surely? Alternatively, if you take it to mean would he start paying tax after £17,570 combined earning and interest, this is still wrong - as it would be anything over £18,570.

Hi ,
 

Please refer to :  Tax on savings interest .

Thank you .