Savings allowance

[journeymanpro]

It is looking like I will earn just over £1000 in interest on savings this tax year and due to an unexpected work bonus I'll be pushed into the higher rate band so the savings allowance will drop to £500.

I plan to put the bonus into my sipp and then complete a self assessment to reclaim the additional tax back and drop back to the standard rate tax.

Does doing that allow me to maintain the £1000 savings allowance?

[Eric Mc]

It should.