Banking Interest for Non-UK Tax Resident

Goodmorning. i would appreciate your advice regarding a question i have. I am a UK resident. EU National with EU settlement status and NINO number, as I live and work in the UK. I have a shared savings account in a UK bank with my brother who is an EU citizen but and NON-UK resident and he doesn't have NINO number as he doesn't live nor work in the UK. This account generates no income as there is no interest. We were planning to open another Savings account in a UK bank which this time will generate some income as it will have interest. My question is is the income generated from this savings account taxable? and if yes since my brother doenst have NINO nor is UK resident how can this be processed? Thank you in advance.

Hi, 
Yes for you as you are UK resident. for your brother, refer to Tax on your UK income if you live abroad
Thank you.

Hi, I’m a UK non residence working in Hong Kong. I have no income from the UK apart from interest on bank savings. Wanted to understand if I need to submit a self assessment if the savings from the interest is below the personal allowance (12570 GBP) and above 2000 GBP? I have also filled in 2023-2024 https://www.gov.uk/check-if-you-need-tax-return but this points out savings within 10k gbp which doesn’t tie up with what I’ve read about 1k personal saving being tax free? Please if you can provide come clarification, much appreciated.

Hi Mark,
The self assessment criteria tool (Check if you need to send a Self Assessment tax return) asks if your received more than £10,000 from dividends or savings and investment.  If you answer yes, then a tax return is required. Only once you have checked the criteria tool can you confirm if a tax return is required.
Thank you.

Hello, I am non UK resident and currently living in HongKong. I received rental income from UK properties, so I need to prepare the Self Assessment form. In 2023-24, I earned the interest from bank about GBP5200, Do I need to add this item in SA100 form? How the tax calculated for this bank interest part? Thanks.

Hi My query is about the 2023/24 UK tax year. My spouse and I were resident in Canada for the full year and paid taxes in Canada. Query is about UK bank/savings interest with additional information provided below for context. Me - Received UK income (below 150,000 GBP). Applicable taxes paid in the UK. Reported on Canadian tax return. - Joint bank/savings a/c with spouse. - No other UK income. Spouse - Joint bank/savings a/c with me. - No other UK income. Bank/savings interest - Joint bank/savings a/c. Total gross interest ~2,500 for 2023/24 tax year. (50% share for me and spouse = ~1,300 GBP each) Questions 1. We used the online tool (https://www.gov.uk/check-if-you-need-tax-return). As savings/interest income was below 10,000 GBP and answers to all other questions were 'no', neither I nor my spouse need to complete self-assessment tax return. Is this correct? 2. As the gross 2023/24 bank/savings interest income for me and my spouse was ~1,250 GBP each (i.e., between 1,000 - 2,500 GBP) we are required to inform HMRC. Is this correct? 3. De we still need to inform HMRC if the total gross amount of savings/interest income was reported on the Canadian tax return and tax paid on it in Canada? 4. Can we use the personal tax account website to report the bank/savings interest for 2023/24 or do we need to call you? Thanks

Hi, Im am a UK citizen and was a UK resident till 2022, In 2023 i moved out of UK to work for a Hong Kong based company, I have not returned to the UK since March 2023 and not planning to do so for the near future. Am I a non resident in UK for tax purposes? I am travelling between countries and working remotely , but the Hong Kong-based company still remits money into my UK bank account. Will I be liable to tax in the UK even though I'm a non resident?

Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you.

Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your tax situation please contact our helpline:  
Self Assessment: general enquiries
On this page you will also see a link to
Personal tax account: sign in or set up
which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
Thank you.

Hi Abey,
Please refer to Tax on your UK income if you live abroad
Thank you.

Hi I am a UK Citizen but am resident in Spain and paying tax in Spain, I did complete Self Assessment forms until the year before last but was told that I no longer needed to do this. Could you tell me if I have to declare the interest from an off shore bank account to HMRC as well as declaring it in Spain, thank you