Daniel Lo

Hi if my pension income is £12570 (only income) and I earn interest of £5,100 am I correct in thinking that £5,000 will be covered by the staying rate for savers and the additional £100 will be covered by the PSA of £1,000? Thanks

In terms of the starting rate for savers am I right in thinking the following. If non-savings income is £12,570 (ie pension drawdown income of £12,570) and if interest income is just over £5,000 for the year, say by £100 - will the Personal Savings Allowance (PSA) of £1,000 for basic rate tax payers kick in and cover the £100 interest in excess of the £5,000 starting rate for savers? Or is the starting rate for savings reduced in value by £100? Thanks