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UK Saving Interest Income



Answer
B K
Posted Thu, 15 May 2025 07:24:17 GMT by B K
Hi HMRC, I'm employed in UK, and paying tax via PAYE currently. In year 2024-2025, I also received UK local bank saving interest (e.g. £1500). May I know whether I still need to do a self-assessment and submit tax return for this saving interest. Or actually the tax will be paid via my PAYE account directly? Thanks!
Answer
HMRC Admin 21 Response
Posted Fri, 16 May 2025 07:44:13 GMT by HMRC Admin 21 Response
Hi B K,
As your previous question involves foreign income, a tax return is required and you will include your UK interest on the return.
Thank you.

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