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Starting Rate For Savings

Answer
Simon Jones
Posted Wed, 04 Dec 2024 16:42:59 GMT by Simon Jones
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?
Answer
HMRC Admin 19 Response
Posted Mon, 09 Dec 2024 16:50:34 GMT by HMRC Admin 19 Response
Hi,
That is correct, you can see guidance here:
Tax on savings interest
Thank you.

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