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Posted Tue, 31 Jan 2023 22:38:52 GMT by Chris Chan
I am currently unemployed with no income. Question 1: Do I need to submit a self assessment for my overseas savings interest which is less than GBP 0.4? Question 2: I also have UK savings interest which is around GBP 0.5, do I need to submit a self assessment? Many thanks for your reply.
Posted Mon, 06 Feb 2023 14:26:08 GMT by HMRC Admin 32
Hi,

Given the very low amounts of overseas investment income you receive, you would not have to complete a Self Assessment Tax Return.                                                      

Check if you need to send a Self Assessment tax return

Thank you.
Posted Mon, 08 May 2023 19:40:07 GMT by Pui Yee Wong
If my husband is currently unemployed and his only income is the saving interests earned is less than £10 from UK bank and about £200 from banks in Hong Kong (foreign banks). Does he need to file the self assessment tax returns?
Posted Fri, 12 May 2023 12:21:23 GMT by HMRC Admin 19
Hi,

Yes he will as he is in receipt of foreign income.

Thank you.
Posted Tue, 28 Nov 2023 13:09:26 GMT by Louie Pascua
Iam currently unemployed since March 2023. I am a dependant visa holder. Do i need to pay tax?
Posted Thu, 30 Nov 2023 12:32:42 GMT by HMRC Admin 10
Hi
If you are in receipt of an overseas income / capital gain, then this should be declared in a self assessment tax return.  
If your world-wide income is below the personal allowance of £12570, then no tax is payable.
 

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