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Do I have to pay tax on savings?
Most people can earn some interest from their savings without paying tax.
Your allowances for earning interest before you have to pay tax on it include:
- your Personal Allowance
- starting rate for savings
- Personal Savings Allowance
View specific advice on the following:
UK Government website.
Tax-free savings & the starting savings rate Money Saving Expert website.
NS&I website.
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