article_snippet: A higher rate taxpayer will be able to earn £500.
article_snippet: At current rates, a basic rate taxpayer would need to have more than £70,000 in an average account to go over the new £1,000 allowance.
article_snippet: A higher rate tax payer would earn £240 and a top rate taxpayer £220.
article_snippet: If the interest was untaxed the saver would earn £400.
article_snippet: Meanwhile, anyone earning below £42,700 –
article_snippet: Those with earnings from £42,701 to £150,000 will have a £500 allowance.
highlights_snippet: Current rates requires more than £70,000 to go over the new allowance .
  