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Don’t invest unless you’re prepared to lose money. This is a high risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Open a Crowdstacker P2P account today and you could start benefiting from tax free interest with the new Personal Savings Allowance (PSA).

What is the Personal Savings Allowance?

The Government has introduced a great new way for the vast majority of British adults to grow their savings each year (including bonds, loan notes and peer to peer loans) without paying tax on up to £1,000 of interest per tax year.

It is called the Personal Savings Allowance (PSA).

Eligible investors can earn up to £1,000 interest on their savings each tax year without paying tax. Previously this was taxed at an individual’s marginal income tax rate.

Like income tax, the Personal Savings Allowance depends on your income bracket:

If you are a basic rate tax payer (i.e. your annual income is less than £43,000) you can earn up to £1,000 interest on savings tax free per tax year.

If you are a higher rate tax payer (i.e. your annual income is between £43,001 and £150,000) you can earn up to £500 interest on savings tax-free per tax year.

If you are an additional rate tax payer (i.e. you earn over £150,000 per year) unfortunately you do not qualify for a Personal Savings Allowance.

Crowdstacker's Peer to Peer investments are eligible for inclusion in the Personal Savings Allowance. Simply open a Crowdstacker P2P Account today and start lending to British businesses through the platform. Up to a £1,000 of your interest earned is eligible to be tax-free with the PSA (subject to any other savings or PSA qualifying investments you may have and your tax status). Your capital is at risk if you lend to businesses.

Personal Savings Allowance Calculator

Enter the details below of your current and future savings and Peer to Peer investments to see out how much interest you might earn each year and if this is covered by your Personal Savings Allowance. Please note you can enter the amount in pounds and pence but do not use commas.

Make a savings calculation

Savings - enter your savings below


Annual interest rate


Annual interest rate

Peer to Peer - enter your peer to peer investments below


Annual interest rate

Annual income - enter your income below


My results

Receive £0.00per annum

You will earn...

Frequently asked questions

Find out more about the Personal Savings Allowance


It depends on what rate of tax you pay:

  • Basic-rate (20%) taxpayers – will be able to earn £1,000 interest per tax year with no tax.
  • Higher-rate (40%) taxpayers – will be able to earn £500 interest per tax year with no tax.
  • Additional-rate (45%) taxpayers: £0 – unfortunately they do not qualify for an allowance.


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