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Posted Thu, 15 Dec 2022 20:30:26 GMT by Jim1024
According to the Double Taxation Agreement, my monthly pension will not be taxed in UK. My question is when I calculating my tax on saving interest, can I use the starting rate of savings ? that is GBP 5,000. If not, which income tax band I am belonged to ?
Posted Tue, 20 Dec 2022 15:12:28 GMT by HMRC Admin 17

Hi,
 
The £5000 limit applies only on the amount of taxable income remaining after the Personal Allowance has been deducted.

Please see :

Income Tax rates and Personal Allowances  .

Thank you.

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