Draven94
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Question about the Personal Savings Allowance
Hi, I'm a basic rate UK tax payer in full time employment. I have never generated any interest on savings so have just opened a savings account. My question is am I allowed to receive the full personal savings allowance (£1000) in interest between now and 5th April 2025 without paying tax? Or am I only allowed to receive about 40% of this without paying tax due to the fact we're about 60% through the tax year?