Tax on savings interest

I was listening to a popular money programme on the radio where there was discussion about tax on interest from fixed-term deposit cash savings. Can you please clarify whether annual interest accrued in the account should be declared on SA100, even if the FD term is, say, 3-5 years and has not matured?

Hi,

Please refer to guidance at:

SAIM2440 - Interest: taxation of interest: when interest arises

Thank you.