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Written question asked by Gregory Campbell (Democratic Unionist Party) on Wednesday, 2 September 2026, in the House of Commons. It was due for an answer on Monday, 7 September 2026 (named day). It was answered by James Murray (Labour) on Monday, 7 September 2026 on behalf of the Treasury.

Personal Savings: Taxation

Question

To ask the Chancellor of the Exchequer, what has been the annual change in tax paid by individuals on savings interest in (a) 2022/23, (b) 2023/24, (c) 2024/25 and (d) 2025/26.

Answer

Estimates of the tax liabilities on savings income are available as part of Table 2.6 of the annually published Accredit official statistics:

https://assets.publishing.service.gov.uk/media/6a5a4cab24d4d0ad06d946d5/Table_2.6_Income_Tax_liabilities_by_marginal_rate_of_Income_Tax.ods

Tax year 2022-23 and years prior are available as a historic table in that same publication:
https://assets.publishing.service.gov.uk/media/6a548feb1228eb26a4cab7d9/Table_2.6a_-_Historic.ods

The 2023-23 and 2023-24 figures are based on HMRC’s Survey of Personal Incomes (SPI) outturn data. Data for 2024-25 and onwards are projections based on the 2023-24 SPI, projected in line with economic assumptions consistent with the Office for Budget Responsibility’s March 2026 Economic and Fiscal Outlook.

Secondary information

Type
Written question
Reference
26498
Session
2026-27
Subjects
Personal savings Taxation
Contains statistics
Yes
Link
View this Written question on www.parliament.uk