£1000/500 tax free savings interest question

VXman

Thanks for responses. Seems to make sense now. I have been a little naive in forgetting to add interest to my income.

My background is that I'm retired. I have a regular teachers pension each month, I do a little work which just brings in a few thousand. I have a reasonable amount of savings - some in ISAs, some  S&S and some in easy access/regular savers.

Then I drawdown each year from a SIPP. This is the bit I need to be careful of to keep within the 20% bracket. I also must try to not have so much in regular savers/instant access.

It's a tough job being retired!