Hmrc app and tax summary

hilsea

I’m a bit confused looking at my Paye tax summary for 25/26 … it has my 2 pensions showing the estimated income, but it also shows £669 for savings and investments which reduces my personal allowance to 11901. I can’t find anywhere to see where the figure of £669 has come from. I was also under the impression that we have a savings allowance of £1k . The tax year 24/25 had no savings /investments attributed to the tax payable . My question is how do I query this figure they have as I believe it’s below the £1k and also as my pensions are below the tax free allowance I have been given with this calculation, I should still have the additional savings allowance up to £15 k from memory . 

molerat

Will that interest deduction cause you to pay any tax ?  If you have spare allowance then they will generally fill it with any interest.  As long as the pension amounts are correct and it will not cause you to pay tax then there is no problem.

hilsea

I am planning to withdraw cash from my crystallised pension to use up the remainder of my allowance. If I was not planning to do this I would not have worried. 

molerat

So you need to update the estimated income from that pension to cover what you intend to draw.  The interest amount will then be removed.

hilsea

Ok thank you