andy p
Joined: 3/8/2023
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Pensioner; paying tax on savings interest?
Please can I check if this is correct? ; Aged 86; State plus Private pension received = 13770 pa This is 1200 above the 12570 tax threshold Therefore 'starting rate allowance' 5000 reduced to 3800 Also there is a 1000 personal allowance Therefore savings interest received from various accounts can total 4800 pa before it becomes taxable?