Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sun, 10 Dec 2023 17:05:50 GMT by RedGekko
When entering savings allowance into self assessment, should the £1000 allowance be deducted first or does HMRC work it out later. Also does it apply to foreign savings interest? I cannot find where to claim the £1000 allowance. Any suggestions most welcome. thanks
Posted Fri, 15 Dec 2023 12:38:04 GMT by HMRC Admin 19
Hi,

No, you do not deduct this as it is given automatically in the calculation and it will apply to UK and foreign interest.

Thank you.
Posted Fri, 12 Apr 2024 11:02:51 GMT by PATRICK VITTOZ
Why does the Personal Savings Allowance not show on Self Assessment calculation??
Posted Tue, 23 Apr 2024 06:14:31 GMT by HMRC Admin 25
Hi PATRICK VITTOZ,
This is largely to avoid confusuion with other reliefs.
However, if you believe having this information present when you receive your calculation would be useful, we will consider reviewing this at the next opportunity. 
Thank you. 

 

You must be signed in to post in this forum.