Allowances on interest on savings

My only income is a state pension and a work pension, giving me a total of £8107 a year. I am going to invest some money in 1 year saving bonds. Because my income is £8107 a year which is under £12570, can I make up the difference with my savings interest? Am I still then entitle to starting rate for savings band of £5000 and also personal saving allowance of £1000. So my entitlement is £12570 + £5000 + £1000 giving me a total of £18570 which is tax free. Please help as I have had different answers from help organisations and 2 versions from the tax office. Thank you for the help

Hi,

Yes, you would get the higher rates for interest free savings. You can see guidance here:

Tax on savings interest

Thank you.

Thank you HMRC Admin 19