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Posted Sat, 26 Oct 2024 14:52:48 GMT by dad19
I am opening a foreign bank account for my UK resident daughter (under 16). Am I correct in understanding that even though she will earn a nominal amount of interest from it (well under the Personal Savings Allowance) because it will be foreign interest she will need to declare it. And I will need to register her for self assessment to do so? And that the only way to register a minor for self assessment is via post? Thanks a lot.
Posted Fri, 01 Nov 2024 15:07:33 GMT by HMRC Admin 19 Response
Hi,
Yes, that is correct.
Thank you.

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