Scheduled maintenance: Please be advised, there will be a scheduled maintenance on 22 Nov 2024, between the hours of 09:00 PM GMT to 09:45 PM GMT, and you will be unable to do any debit card transactions during this period. We are sorry if this affects you. You may use the services once they are up.

Scheduled maintenance: Please be advised, there will be a scheduled maintenance on 23 Nov 2024, between the hours of 03:00 AM GMT to 04:00 AM GMT, and you will be unable to do any faster payment transfer to UK account during this period. We are sorry if this affects you. You may use the services once they are up.

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Personal Savings Allowance - FAQs

How much is the Personal Savings Allowance?

  • Basic rate taxpayers: Up to £1,000 in savings income is tax-free
  • Higher rate taxpayers: Up to £500 in savings income is tax-free
  • Additional rate taxpayers: No Personal Savings Allowance

 

Do I need to do anything to claim my personal allowance?

No, from 6 April 2016, we will pay gross interest on all of your savings and interest paying current accounts. This means that no tax will be automatically deducted from interest on your behalf.

 

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