Saving Interests and Dividends

Hi I become UK tax resident in July 2021. I have gained saving interests and dividends during the tax year and no more further other income in UK. 1. The total amount of saving interests is less than the starting rate £5,000, do I need to report this? If so, which form should I fill in to report? 2.If the total amount of dividend (i.e. £1,000) is less than dividend allowance £2,000, do I need to report this? If so, which form should I fill in to report? 3. If the total amount of dividend (i.e £5,000) is more than dividend allowance £2,000, can I use the personal allowance £12,570 to deduct the rest of dividend (i.e. £12,670-£3,000)? Thank you!

Hi L2021,

Your pesonal allowance, if due, can then cover any of the income that is above the savings or dividends allowance.
You can advise HMRC of the details by sending a letter to
HMRC,
PAYE & Self Assessment
BX9 1AS

Thank you.

"Your pesonal allowance, if due, can then cover any of the income that is above the savings or dividends allowance". Pretty sure that is wrong. It is only when you have used your Personal Allowance can the savings and dividend rate bands (aka savings starter rate, PSA & dividend allowance) be used. You can't use them and then your Personal Allowance.

Hi,
 

This is correct, The Personal Allowance is used first, PSA and dividend allowance are only applied if the Personal  Allowance has already been used. Thank you.