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Untaxed interest from a previous tax year



Answer
Keithmembury
Posted 3 months ago by Keithmembury
If your personal allowance for interest and tax band has changed in a current tax year (2024/25) should the tax on savings interest from a previous tax year (2023/24) be calculated using the personal allowance for interest and tax band for the year from which it applied?
Answer
HMRC Admin 8 Response
Posted 2 months ago by HMRC Admin 8 Response
Hi Keithmembury,
The answer to our question is yes.
Thank you

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