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Personal Allowance

Letzer
Posted Wed, 01 Mar 2023 07:01:33 GMT by Letzer
Hello, My husband has a very small pension of £4,500 per year and consequently does not use up all of his personal tax free allowance of £12,750. Can he use the remainder of his allowance to receive interest payments of about £4,000 and therefore not pay any tax on this income? Many thanks for your advice
HMRC Admin 30
Posted Fri, 03 Mar 2023 12:45:24 GMT by HMRC Admin 30

Hi, 

That is correct. 

Thank you. 



 

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