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saving tax

Alienlgm
Posted Tue, 08 Aug 2023 23:36:30 GMT by Alienlgm
Do I need to complete self assessment if I received approx. £3600 interest per annual from my saving account (my salary is £24000pa before tax)?
HMRC Admin 10 Response
Posted Tue, 15 Aug 2023 12:26:25 GMT by HMRC Admin 10 Response
Hi
If it is all UK interest then no as the banks will inform HMRC of the interest received in due course and you will be issued with a calculation to show the additional tax due.
If you have foreign interest, yes you need to complete a tax return.

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