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How much income from savings interest can earn before paying tax
pacemaker1000
Posts: 61 Forumite
As title,
if you don’t work or have a private pension what’s the max in income you can have in saving interest only.
Thanks
if you don’t work or have a private pension what’s the max in income you can have in saving interest only.
Thanks
0
Comments
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£18,570 if no non-savings income (and not using the marriage allowance):
https://www.moneysavingexpert.com/savings/tax-free-savings/
1 -
As above, but interest over 10k requires a self assessment filing.
Easy to do once registered.0 -
You can add dividends on to that.#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
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I’m using the marriage allowance so what does it drop to?
dividends are in shares isa0 -
Assuming you mean you applied for Marriage Allowance then it's £17,310.pacemaker1000 said:I’m using the marriage allowance so what does it drop to?
dividends are in shares isa
Personal Allowance £11,310
Savings starter rate band (£5,000 taxed at 0%)
Savings nil rate band (£1,000 taxed at 0%)
1
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