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Posted Tue, 18 Jun 2024 14:46:46 GMT by Steve Whitefield
The guidance says that if you receive over £10,000 from savings you must register for a self-assessment form - does interest from ISAs count towards the £10,000? Eg if you received £11,000 interest consisting of £10,000 from ISAs and £1,000 from other savings would you need to do a self-assessment return? If so what is the reasoning behind this, since no tax would be payable?
Posted Mon, 24 Jun 2024 09:05:07 GMT by HMRC Admin 21
Hi Steve,
No ISA interest does not count for this as ISA is tax free. It is a legislative decision for the £10k limit but not all it may be tax free as you still need to take into account any other income received.
Thank you.

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