Foreign Income - Interest and Dividends

Hi. A couple of questions: FOREIGN INTEREST INCOME Starting Rate for Saving and Personal Savings Allowance: I have personal UK income of around £12,570 which will be taken by the Personal Allowance. I then have about £13,000 interest income from Australian Savings. 1. Will this foreign interest income be covered by the Starting Rate for Saving and Personal Savings Allowance? 2. Do both the Starting Rate for Saving AND Personal Savings Allowance apply (i.e. will it be £5,000 allowance for Starting Rate for Saving AND £1,000 Personal Savings Allowance -- or just £5,000 allowance for the Starting Rate for Saving)? AUSTRALIAN DIVIDEND INCOME I have income from Australian Dividends which have Franking Credits applied to them - How do I address this on my self assessment? I know I need to declare the income from the dividends in the Foreign Section as my interest income is >£2,000 but I am not sure how to apply the franking credits. Thanks!

One further question regarding 'Interest and other income from overseas savings' vs. 'Remitted foreign savings income'. Do I need to fill out both of these if I sent the savings income to the UK. For example, if I earned £10k in savings interest income and I sent £5k of that to my bank account in the UK, do I need to include both of those amounts or just the £10k? Thanks

Hi Diana  Marini,
You would get the £5000 starter rate and the £1000 personal savings allowance.
For the dividends, please see guidance here:
DT2654A - Double Taxation Relief Manual: Guidance by country: Australia: Notes
Thank you. 

Hi,

It would be the £5000, as that is what you have remitted.

Thank you.