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Posted Wed, 18 Jan 2023 18:26:20 GMT by nomadic_user
Lets assume I have a NRE Cumulative Fixed Deposit where Interest is compounded quarterly & payed out on maturity. This was done for 2.5 yrs on 25th Sep 2021 .Premature withdrawal on the FD is allowed with a penalty . So do I declare interest earned for every FY Self Assessment or all together on maturity 25 June 2023.
Posted Mon, 23 Jan 2023 13:50:15 GMT by HMRC Admin 32

It will be each financial year.

Thank you.

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