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Posted Thu, 13 Jan 2022 10:53:19 GMT by VeryF
I have a SIPP which contained an investment that matured during 20-21. I received my money back and interest. Interest was paid net. I received a P60 to confirm the payment and the interest paid. This has now appeared on my self assessment form under employment. Auto-inserted. I was under the impression that I would receive a tax reimbursement but I don’t see how this can happen if it is treated as “earned” income. Do I move the info to another section of the tax return and, if so, where?
Posted Fri, 14 Jan 2022 16:28:06 GMT by HMRC Admin 20
Hi VeryF

If this is on your P60 then it would appear to be classed as income rather than interest. This may be something you want to check with your provider.
If this is interest then you would need the enter the interest amount in the interest section of the return where the savings allowance can be used against this. 

Thank you.

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