chickunpij
Joined: 8/7/2024
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Tax on savings interest
I've not worked in the 2024/2025 tax year. I get no income, no JSA etc. other than interest on savings so understand I’m currently able to have £5,000 tax free. My savings interest is paid monthly. Say I get a job in November 2024, will I pay tax on the savings interest from April 2024 to November 2024 or just from November 2024 (Notwithstanding the £1000 personal savings allowance for basic rate tax payer).