Savings Interest Tax 2025-26 — By Balance & Interest Rate
How much tax do you pay on savings interest? The Personal Savings Allowance (PSA) means basic rate taxpayers can earn £1,000 interest tax-free, and higher rate taxpayers £500. See the exact tax and net interest for every savings balance and rate.
Personal Savings Allowance 2025-26
Basic rate taxpayer
£1,000 tax-free interest
Higher rate taxpayer
£500 tax-free interest
Additional rate taxpayer
No PSA — all interest taxed
ISA savings
Always tax-free
Net interest at 5% by balance & tax band
| Savings balance | Interest (5%) | Net — basic rate | Net — higher rate | Net — additional rate |
|---|---|---|---|---|
| £5,000 | £250 | £250 | £250 | £137 |
| £10,000 | £500 | £500 | £500 | £275 |
| £15,000 | £750 | £750 | £650 | £412 |
| £20,000 | £1,000 | £1,000 | £800 | £550 |
| £25,000 | £1,250 | £1,200 | £950 | £687 |
| £30,000 | £1,500 | £1,400 | £1,100 | £825 |
| £40,000 | £2,000 | £1,800 | £1,400 | £1,100 |
| £50,000 | £2,500 | £2,200 | £1,700 | £1,375 |
| £75,000 | £3,750 | £3,200 | £2,450 | £2,062 |
| £100,000 | £5,000 | £4,200 | £3,200 | £2,750 |
| £150,000 | £7,500 | £6,200 | £4,700 | £4,125 |
| £200,000 | £10,000 | £8,200 | £6,200 | £5,500 |
| £250,000 | £12,500 | £10,200 | £7,700 | £6,875 |
| £300,000 | £15,000 | £12,200 | £9,200 | £8,250 |
| £500,000 | £25,000 | £20,200 | £15,200 | £13,750 |