Tax on savings interest explained
23 Oct 2024
23 Oct 2024
6 min. read
Income tax band | Personal savings allowance |
|---|---|
Basic rate (income up to £37,700) | £1,000 |
Higher rate (income between £37,701 and £125,140) | £500 |
Additional rate (income of £125,141 or more) | £0 |