Tax on savings interest

By P&A Knowledge Team · 29 April 2021 · Posted in Income Tax

If you have taxable income of less than £17,570 in 2021-22 you will have no tax to pay on interest received. This figure is calculated by adding the £5,000 starting rate limit for savings (where 0% of the interest is taxable) to the current £12,570 CONTINUE READING