Martin
Joined: 9/18/2024
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RE: Tax on Savings Interest
Hi, I am in a similar situation. I think that ... You get £12570 tf alow, this can be used for income or for just interest or for both. You also qualify for the £5000 pa starting rate, which means £5k of interest tax free. You get a further £1k tax free on top of all of this which is the standard allowance. Hope this help, Martin