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Tax on interest earned

Posted Fri, 12 Jan 2024 10:59:15 GMT by
I am retired and have two work pensions giving me a total income of £12570. How much credit interest am I able to receive from savings? Is it a maximum of £5000? In addition, am I correct in thinking any interest earned on cash or fixed rate ISA’s does not get included in the £5000. Thank you
HMRC Admin 25 Response
Posted Thu, 18 Jan 2024 15:20:43 GMT by HMRC Admin 25 Response
Hi Samantha Fletcher,
Yes, the starter rate for savings is £5000.
ISA's are not included. 
Thank you. 

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