Saving interests

Hi HMRC, I would like to enquire about how to calculate the saving interests. I am UK resident. I used to do the fixed term deposit on 3 months basis on HSBC Expat account and it's always automatically renewed on maturity. 1. Should the saving interests be counted as foreign income? 2. If it is foreign income, can I use my personal tax allowance if the interests income exceed £2000? (I am a housewife and have no job) 2. Should I calculate the interests on maturity (every 3 months) or I should calculate the interests once I'm able to access it (i.e. on maturity and I am able to withdraw the interests without renewal). Thank you.

Hi,

It is only foreign income if the account is held abroad. As the accounts mature every 3 months then you will declare it on maturity.

Thank you.