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Capital Gains and Savings Allowance

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If I have a chargeable event which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance?
I can find no straight forward definition as what counts as income as far as the savings allowance is concerned.
For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? 

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  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,637 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 23 August 2024 at 8:30PM
    ados42 said:
    If I have a chargeable event which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance?
    I can find no straight forward definition as what counts as income as far as the savings allowance is concerned.
    For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? 
    No, assuming we are talking about Chargeable Gains (CGT) and not Chargeable Events, (CEG) which are completely different, then it's the other way round.

    Using the savings starter rate band or savings nil rate band eats up some of your basic rate band meaning there is less of that available for use by any Chargeable Gains (CGT).

    This isn't a bad guide.

    https://www.litrg.org.uk/savings-property/tax-savings-and-investments/tax-savings-income
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