Savings interest
Tax on interest
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£1,000 tax-free · keep £2,600 · effective 13.3%
2026/27 rates · Last checked · Sources visible below
Layers used
£3,000 interest broken down
£1,000
£2,000
Tax breakdown
Savings basic rate
20% on £2,000
£400
PSA by tax band
Basic rate
£1,000
Up to £50,270 income
Higher rate
£500
£50,270 – £125,140
Additional rate
£0
Above £125,140
Where your tax goes
on £400 savings interest tax
Illustrative allocation only - UK taxes are not ring-fenced. Approximate share of UK central government spending, applied to your savings interest tax.
Per-capita weekly welfare spend: £246.1bn (PESA 2025, Social Protection excl. state pensions) ÷ 67.6M UK population ÷ 52 weeks ≈ £70/week. This is not a Universal Credit claimant's entitlement; the standard allowance for a single adult 25+ is ~£92/week.
View source ↗£85
Welfare
≈ 1 weeks of welfare per citizen
Per-citizen daily NHS spend: £241.8bn (PESA 2025, Health) ÷ 67.6M ÷ 365 ≈ £9.80/day. The average national contribution per person per day, not the cost of any specific treatment.
View source ↗£84
Health
≈ 9 days of NHS care (per citizen)
New State Pension full rate, 2026/27: £241.05/week (4.7% triple-lock increase from April 2026). HMRC sources the £137.8bn pensions outturn from OBR March 2025.
View source ↗£48
State Pensions
≈ 0 weeks of state pension
£124.7bn in 2024/25 of interest on UK government gilts. Rose sharply from 2022 with higher interest rates and inflation-linked gilts. Now larger than the entire defence budget.
View source ↗£43
National Debt Interest
DfE per-pupil revenue funding (~£7,400/year for state schools) ÷ 195 school days ≈ £38/day. A blended primary/secondary average. Total education spend in HMRC's category (£118.7bn) also covers higher education, further education, and early years.
View source ↗£41
Education
≈ 1 school days funded
£63.6bn in 2024/25. UK defence spending is committed to rise from ~2.3% of GDP toward 2.5% by 2027.
View source ↗£22
Defence
Categories and shares from HMRC's 2024/25 Annual Tax Summary methodology (PESA 2025 + OBR March 2025). Last reviewed 2026-04-29.
+ £78 across public order & safety, transport, business & industry and 6 more
Estimates for illustrative and educational purposes only. Calculations use HMRC published rates and are not regulated financial, tax, or legal advice. Verify against your own tax position before filing or making financial decisions.