Savings Tax Allowance

As you are probably already aware you must pay tax on any earnings made from your savings if they are outside of an ISA. You can use the below calculor to see how much your Tax free allowance is for this year dependant on your earnings.

Note: If you earn between £12,570 and £17,570 you will need to deduct £1 for every pound you earn above £12,570. e.g you earn £13,400 you minus £830 from your £5000 saving allowance, which gives you £4170 + 1000 Basic rate.

Your allowance is: