Tax on Saving Interest

Hi, I will receive some saving interest soon and I am a basic rate taxpayer without the need of doing tax return. Understand that the saving allowance would be £1,000 in this case. If I receive an amount over £1,000 but below £10,000, I still won't need to do self assessment. In this case, how do I pay the tax for the amount that is exceeding the allowance? Do I wait for a notification letter from HRMC or it will be deducted automatically from my salary? Please could you let me know how it works? Many thanks!

Hi,

At the end of the tax year your bank and building societies will submit details of untaxed interest to HMRC. Once received, we will review your record and if underpaid in tax we will send a tax calculation to you with the details. 

Thank you.