G. Simmons

Hello, my husband and I are both retired. I receive a pension of 10200 a year and my husband will start receiving a pension of £20 000, a year, in May. 1. I believe I can transfer £1,260 of my personal allowance to my husband. This would give him a personal allowance of £13 830 (12570 + 1260) and leave me with a personal allowance of £11 310 (12570-1260). Is this correct? 2. I am trying to understand how much interest we can receive on savings, tax free. If I have a pension of £10 200 and a personal allowance of £11 310, can I receive interest on savings (tax free) of £1100 (11310 – 10200) plus an additional £5000? (I will not have anything like this amount of interest but just want to understand. 3. If my husband has a pension of £20 000 and personal allowance of £13 830 can he still receive £1000 of savings interest tax free?