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Posted Sun, 26 Mar 2023 08:58:43 GMT by YY WONG
I have an account in an investment institute, and it provides interest for uninvested fund. When declaring the saving of interest, do I only need to include the interest received ? Or do I need to include the "interest accruals" in addition to the interest received? Please advise, thanks.
Posted Tue, 28 Mar 2023 14:29:29 GMT by HMRC Admin 2
Hi,

Accrued interest is the total of interest paid to you in the tax year and interest yet to be paid.  

You would only declare the interest paid to you during the tax year.  

Thank you.

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