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Posted 10 days ago by SurpriseLemon
My husband is currently a full time parent and has had no income from work for a few years. He does claim the full child benefit allowance. How much interest on savings can he earn before a) he is taxed and b) before he needs to complete a self assessment? I note the starting savings allowance but cannot work out at what point he would need to declare the interest… is it over £1000 personal savings allowance or over £5000 starting savings rate? Thank you
Posted 4 days ago by HMRC Admin 17 Response

Hi ,
Please refer to guidance at :

Tax on savings interest   .

Thank you .

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