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Posted Mon, 13 Mar 2023 12:28:32 GMT by Roy_F
Hi, In the second half of 2022 I pulled my finger out and opened a couple of fixed rate savings accounts. I have 4 and 2 year accounts, do I declare the interest in the tax year it is added to the account, or the whole interest over the term when I can access it? i.e. at the end of the fixed term. Thanks.
Posted Wed, 15 Mar 2023 11:38:27 GMT by Roy_F
Just to add a little more information. The interest added in year 1 is not available to withdraw until maturity (excluding some emergency-type clauses where various amounts of interest will be forfeit) Thanks.
Posted Wed, 15 Mar 2023 13:01:56 GMT by HMRC Admin 17

Please refer to guidance at :

Savings and Investment Manual  .

Thank you.
Posted Wed, 15 Mar 2023 13:26:09 GMT by Roy_F
That's perfect, no idea why I couldn't find that document after my searches ! Thank you.

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