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Posted Mon, 07 Oct 2024 14:36:53 GMT by Tanyaonline
Hello. I have no income from employment. Just bank savings. Those savings are 16k so have registered for SA. I was told by Tax office on the phone that I can earn 18750 and this forum also confirms this (have searched all the posts) I understand, Personal Allowance is £12,570 Starting rate for savings 5000 Personal Savings Allowance. 1000 TOT allowance 18570 I completed my tax return today but 'View your calculation' only deducted the Personal Allowance of £12,570 and want me to pay tax. They did not deduct the other two. Is this an error?
Posted Mon, 14 Oct 2024 12:53:30 GMT by HMRC Admin 33
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries - GOV.UK (www.gov.uk)
Alternatively you may want to seek professional advice.
Thank you.
 

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