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Starting Rate for Savings

Shira O.
Posted Sun, 19 Nov 2023 07:18:44 GMT by Shira O.
Your website says "you’re not eligible for the starting rate for savings if your other income is £17,570 or more." I do not have other income, however my total interest income alone has exceeded £17,570. Am I still eligible for the starting rate for savings? Thank you.
HMRC Admin 25
Posted Wed, 22 Nov 2023 12:46:08 GMT by HMRC Admin 25
Hi Shira O,
Yes,with this level of interest.
You will also need to do a Self Assessment tax return.
Thank you. 
 

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