Personal Savings Allowance Thresholds 2026/27
| Income Tax Band | Taxable Income | Tax-Free Savings Allowance |
|---|---|---|
| Basic Rate (20%) | £12,571 to £50,270 | £1,000 per year |
| Higher Rate (40%) | £50,271 to £125,140 | £500 per year |
| Additional Rate (45%) | Over £125,140 | £0 (No allowance) |
The Starting Rate for Savings (Up to £5,000 Extra)
If your non-savings income (wages or pension) is under £17,570, you may also qualify for the Starting Rate for Savings, giving you up to an additional £5,000 of tax-free savings interest at 0%.
Official Statutory Data Reference
Rates and calculations on this page are cross-referenced with official UK Government legislation: GOV.UK Tax on Savings Interest and Allowances (2026/27).