Interest earned on 2 year Fixed Rate Bond

I have opened a 2 year fixed rate bond that matures in June 2025 and the Interest will be paid Annually in June 2024 and June 2025. Do I have to declare the figures on the Self Assessment as follows: Interest earned in June 2024 for Tax year 2024 - 25 Interest earned in June 2025 for Tax year 2025 - 26 OR do I declare the total interest earned over 2 years in Tax year 2025 - 26

Hi MrDJ,

If the account lets you access the interest then you will declare it in the year it is applied.
If it doesnt, it will be declared the year it matures - SAIM2440 - Interest: taxation of interest: when interest arises

Thank you.

Hi HMRC Admin, I bought a 3-year Hong Kong Government Bond ("iBond") whose interest are paid semi-annual and principal is repaid in full at maturity. Regarding interest income, should I put this Hong Kong Government Bond interest income (together with Hong Kong bank interest income, if any), under the box named "Interest and other income from overseas savings" on Page F2 of SA106? Thanks 

Name removed Admin 

Hi Ki Chan,

Yes.  This is where they should be declared.

Thank you.