Tax on savings interest

Hi, I am not self-employed and do not receive any foreign incomes or pension. My only income is from saving interest in the banks in the UK. From "Tax on savings interest" in the government website, it states that: "You need to register for Self Assessment if your income from savings and investments is over £10,000. Check if you need to send a tax return if you’re not sure." "If you’re not employed, do not get a pension or do not complete Self Assessment, your bank or building society will tell HMRC how much interest you received at the end of the year. HMRC will tell you if you need to pay tax and how to pay it." According to the statements above, if I am not employed and do not get a pension but I receive interest from bank saving over £10,000, do I need to register for Self Assessment? Or the bank or building society will tell HMRC how much interest I received and I do not have to register for Self Assessment. Then I will pay tax when I am informed by HMRC.

Hi,

Interest of over £10000 is Self Assessment criteria and as such a tax return is required. please use the checker to confirm.

Check if you need to send a Self Assessment tax return

Thank you.