Personal Savings Allowance

Cameron1590_2

Hello,

My earnings from employment this year will be £99,980. 

I understand that I get a £500 personal savings allowance. 

If I earn £300 interest on my savings, does that mean my taxable income is £100,280 and as such I will loose some of my personal allowance or is it not counted as taxable income as it is under the £500 personal savings allowance?

Thanks 

BoGoF

Yes, all taxable income is counted. You would lose £140 of personal allowance

Cameron1590_2

Thank you!