Tax on savings interest

I receive money from a USA IRA, I have been informed that this entered in the foreign income section under interest. I also work, so with the IRA my income is 49K. I also earn approx 2k in Uk bank interest. This totals 51K. Does the UK bank interest push me into the 40% tax bracket so that my savings income will be taxed after £500? Or is the UK bank interest not classed as income so my total income is 49K for the year? Thankyou.

Hi,
Yes, the interest is still taxable income, so this brings you into the higher tax bracket and reduces the personal savings allowance to £500.
Thank you. 

Hi HMRC Admin, From 6 April 2025 a four-year grace period will be given to all individuals if they wish to claim it, who have not been UK resident in the 10 tax years immediately prior to becoming UK resident. I entered into the UK in mid July 2024 under the BN(O) scheme. My main source of income is saving interest from local UK banks and overseas banks (including those with head offices in Isle of Man and Jersey Island). I would like to seek your clarifications on the following issues: (1) Will I need to pay for UK tax on foreign saving interest and gains for 2024/25 financial year despite I have been a non-UK tax resident for the previous 10 years prior to my arrival in UK (in mid July 2024)? (2) Will I be allowed to not paying UK tax for foreign saving interest and gains for 2025/26, 2026/27 and 2027/28 (the remaining 3 years of the first 4-year tax residence)? (3) For saving interest paid in GBP from banks in Isle of Man and Jersey Island, will I be obliged to pay UK tax on this foreign saving interest for 2024/25 and onwards? (4) For saving interest paid in other currencies (example USD or EUR) from banks in Isle of Man and Jersey Island, will I be allowed to not paying UK tax for foreign saving interest for 2025/26 to 2027/28 (the remaining 3 years of the first 4-year tax residence)? Thank you for your feedback.

Hi,
Detail on the Government’s intended changes to the rules for non-domiciled individuals can be seen here:
Technical note: Changes to the taxation of non-UK domiciled individuals
HMRC is unable to provide any further detail on how these changes will apply to an individual’s personal circumstances at this time. 
Thank you.