We use some essential cookies to make this website work.
We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.
We also use cookies set by other sites to help us deliver content from their services.
You have accepted additional cookies. You can change your cookie settings at any time.
You have rejected additional cookies. You can change your cookie settings at any time.
Departments, agencies and public bodies
News stories, speeches, letters and notices
Detailed guidance, regulations and rules
Reports, analysis and official statistics
Consultations and strategy
Data, Freedom of Information releases and corporate reports
You do not pay tax on your savings interest if you're on a low income.
Most people can earn some interest from their savings without paying tax.…
If you’re self-employed and need to declare savings interest from a…
On 6 April 2016 a tax-free Personal Savings Allowance (PSA) will be introduced for savings income (such as interest) paid to individuals.
Personal Allowance, Income Tax rates, bands and thresholds.
How much Income Tax you pay in each tax year depends on: how much of your…
The standard Personal Allowance from 6 April 2024 to 5 April 2025 was…
This Tax Information and Impact Note is about individuals with savings income, who will be entitled to the personal savings allowance (PSA) from April 2016.
Types of ISA available, the tax-free ISA allowance, withdrawing money and transferring ISAs.
How children's savings accounts are taxed, and the £100 limit on savings given by parents
Tax you pay and tax relief you get on contributions to your private pension - annual allowance, lifetime allowance, apply for individual protection
How to work out your adjusted net income and the circumstances when it can affect your tax liability.
Don’t include personal or financial information like your National Insurance number or credit card details.
To help us improve GOV.UK, we’d like to know more about your visit today. Please fill in this survey (opens in a new tab and requires JavaScript).