saving interest

Hi Admin, I' m a basic rate tax payer, and going to receive bank interest within £1,000 .I 'm not self-employed and do not receive other income like rental incomes, commission . I understand that if you have to complete a Self Assessment tax return , you need to report any bank interest earned on savings there( even though it is within personal savings allowance) If I'm not necessary have to complete a Self Assessment tax return , does it mean that I do not need to declare HMRC about the bank interest when the bank interest earned are within the personal savings allowance ?

Hi,

The information should be declared by the financial institution to HMRC after the tax year has ended meaning you should not have to inform us.

Thank you.