Skip to main content

beta This is a new service – your feedback will help us to improve it.

Total tax allowance

SaveInt1
Posted Fri, 26 Apr 2024 15:09:13 GMT by SaveInt1
Hello, I have an income of approx £10570. I know I have an allowance of £5000 + £1000 for interest earned on savings. I recently read a Which report that suggested, as I have not used up all my personal allowance I could add it to my savings allowance therefore giving me a total of £8000 for interest earned on savings. Is this correct? Many thanks
HMRC Admin 19 Response
Posted Wed, 01 May 2024 14:04:46 GMT by HMRC Admin 19 Response
Hi,

Yes, that is correct.

Thank you. 

You must be signed in to post in this forum.