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Posted Mon, 29 Apr 2024 14:21:10 GMT by Suzanne Roberts
If my personal allowance is used up by my pension, and I have savings generating interest over £1000 do I need to declare that somewhere or is it automatically taxed by the tax office?
Posted Wed, 08 May 2024 15:18:50 GMT by HMRC Admin 20 Response
Hi 
The banks and building societies submit the untaxed interest details to HMRC after the tax year end.
Once received we will review the tax year and if underpaid a calculation will be issued with the details. 
Thank you.

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