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£1000/500 tax free savings interest question
Comments
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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!1
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