Never Keep This Much Money in Bank HMRC Sees It All in 2026 UK

📕 MY BOOK — The UK Pension & Benefits Playbook (2026/27) Every payment you're owed + the exact words for every phone call. 👉 https://arthurpenrosebooks.netlify.app 💷 £12.99 until Dec 1 — then £24.99 How much money should UK pensioners keep in a bank account in 2026? If you have savings in an ordinary UK bank or building society account, HMRC already knows about your interest. In this video, Arthur Penrose explains for UK retirees: how banks report interest to HMRC automatically, personal savings allowance UK (£1,000 basic rate / £500 higher rate), starting rate for savings, why frozen allowances + higher rates catch pensioners in 2026, how much savings triggers tax (£20k-£25k / £10k-£12k guide), tax code on savings interest, Pension Credit / Housing Benefit / Council Tax Reduction £10,000 and £16,000 savings limits, FSCS £85,000 protection limit, and how Cash ISA £20,000 allowance shelters interest from tax. Essential for UK pensioners, retirees, and anyone planning retirement in the UK. Chapters: 00:00 Never Leave This Much in an Ordinary Account 02:10 How HMRC Sees All Your Interest 05:00 Why 2026 Is Different 07:30 How Much Is Too Much to Keep in Bank? 10:00 The Benefits Trap No One Warns You About 15:00 £85,000 Safety Limit + ISA Solution This video is for information only and is not financial or legal advice. Tax rules and allowances can change. Check gov.uk and seek free help from Tax Help for Older People or Citizens Advice for your situation. Subscribe for clear, jargon-free explainers on UK pensions, benefits and tax. #UKPensioners #HMRC #UKSavings