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  • RE: Maximum Savings Interest before I need to pay tax

    Hi, my wife recently retired and has no pension or regular income. She is living off my private pension and her only income is interest on her savings. As she has no other income, I understand that she can receive up to £17,570 in savings interest without paying tax. Is this correct? Also would she have to submit a self assessment tax return if her savings interest is below £17,570. This is not clarified on the ‘Tax on savings interest’ information on the website. Thank you