How Much Savings Interest Can You Earn Tax-Free in the UK?
How Much Savings Interest Can You Earn Tax-Free in the UK? explains the Personal Savings Allowance and how it applies to different income tax bands. The guide outlines the tax-free savings interest limits for basic-rate, higher-rate, and additional-rate taxpayers, and explains how the allowance interacts with the Personal Allowance and other savings tax rules. It also covers how to check your savings interest tax status, when you may need to declare interest on a Self-Assessment tax return, and practical tips to avoid unexpected tax bills.