Tax on interest

[Buzby]

Hi,
I am a retired pensioner, my only income is a pension amounting to £13146 for the last year.Can anyone advise please how much bank interest I can receive before becoming liable for tax on it plus when and how I would inform hmrc
Many thanks

[bd6759]

You have a personal allowance of £12570. You pay tax on your pension income above that.

You have a £1000 personal savings allowance.

You also have a 0% starter rate for savings of up to £5000, reduced by the amount of other income that exceeds your personal allowance.

In basic terms, if your total income is less 18570 you will not need to pay tax on your savings.