I was taxed £11.72 on dividend income because HMRC had deducted my savings interest from my personal tax allowance. In my case, I transferred the maximum possible amount of my personal allowance to my husband, thus reducing my allowance to £11,310. My savings interest for the year was £624, which is less than the personal savings allowance of £1,000, so no tax is due on my interest. Steve Webb: Get in touch with your problem at pensionquestions@thisismoney.co.ukLet's start with the personal savings allowance. I would therefore strongly encourage people to look at their income tax calculation for last year (and previous years) to see if it all makes sense.