CHRIS SMITH

I think I got it :). Don't have your name but thank you. So next year: I can draw down £12580 from my pension (this will be tax free after I claim back what the pension company paid to HMRC. Additionally if I had enough savings, I could take a total of £6000 of interest tax free (again I'm presuming I'd have to claim back from HMRC). So next year I could potentially have an income of £18750 tax free Am I correct? Thank you.

HI I currently draw down £7570 from my pension. I then gain interest totalling £5000 from savings (bonds). I have no other income I currently claim back the interest automatically deducted by the building society from HMRC however, am I correct in my understanding that I can actually get £10000 from savings interest (bonds). Using the £5000 first savings tax allowance. Personal tax allowance of £12570 + £5000 = £18,570 Also, if this is correct can I effectively get this every FY Another scenario (apologies for my ignorance) COULD I draw down £12570 and not pay any tax on £5000 of interest on savings - in fact is this £6000? Bit confused