I don't currently work and draw a monthly income through my savings - will I be hit with a tax bill for the interest?

Daily Mail // Business // Money

I don't currently work and draw a monthly income through my savings - will I be hit with a tax bill for the interest?

Monday 16th June 2025, 6:00AM

I have been unemployed and am drawing an income from a substantial pot of savings since the summer of 2024. I definitely breached my £500 personal savings allowance for 2024/25.

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