Martin Lewis
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Or C, 20% of £4,400, so £880.
What was B again?
20% of £3,400.
So you've got a £12,500 pension and £4,400 savings interest.
How much tax would you pay?
Non, 20% of £3,400 or 20% of £4,400?
So come on, what do you know about savings allowances?
I know, I can't just look... How much can a person earn generally, the personal tax allowance, before they pay tax on it?
Do you know roughly?
Well, I think it's about £12,500, isn't it?
It is indeed.
It's £12,570.
Right.
So... So this is a question about savings allowance.
Yeah, it's all rounding.
So are you paying 20% of the entire savings interest?
Are you paying 20% of the entire savings interest bar £1,000?
Or are you not paying any tax on the savings interest?
That's the question.
So are you locking in on B?