billy888

Hi - my husband and I are retired with just state pensions and a small annuity each. We have a joint 2 year fixed rate bond that is due to mature in January 2025. I know we have an annual PSA of £1,000 each and we also have approx £4,000 each of Starting Rate for Savings. As the interest for the bond is over 2 years are both or either of the allowances taken into account for each year or only for the year it matures and interest is assessable? Thank you.