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Posted Fri, 01 Nov 2024 18:08:25 GMT by Wallflower05
If the interest I earn from my savings is more than £10000 but less than £11000 will I have to self assess or does the £1000 personal savings allowance take my interest to below £10000 threshhold
Posted Thu, 07 Nov 2024 11:38:48 GMT by HMRC Admin 34 Response
Hi,
If your untaxed interest is over £10,000 then this will be Self Assessment criteria and a tax return will be due:
Check if you need to send a Self Assessment tax return
Thank you

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