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Posted Wed, 08 Mar 2023 10:13:32 GMT by andy p
Please can I check if this is correct? ; Aged 86; State plus Private pension received = 13770 pa This is 1200 above the 12570 tax threshold Therefore 'starting rate allowance' 5000 reduced to 3800 Also there is a 1000 personal allowance Therefore savings interest received from various accounts can total 4800 pa before it becomes taxable?
Posted Thu, 09 Mar 2023 14:43:49 GMT by HMRC Admin 25
Hi andy pitts

That is correct. Full guidance is here:

Tax on savings interest

Thank you. 


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