£1000/500 tax free savings interest question

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Comments

  • VXman
    VXman Posts: 626 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    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!
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