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Tax on saving interest

Edith Cheung
Posted Sat, 06 May 2023 15:38:42 GMT by Edith Cheung
May i know if my saving interest is over GBP 5000 allowance and i am unemployed. How much should i pay for the interest tax? Thank you!
HMRC Admin 25
Posted Thu, 11 May 2023 15:58:22 GMT by HMRC Admin 25
Hi Edith Cheung,
This would depend on your other income during the year.
Please see guidance here:
https://www.gov.uk/apply-tax-free-interest-on-savings
Tax on savings interest
Thank you. 

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