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Posted Wed, 20 Sep 2023 13:52:50 GMT by Jasmin S
Good afternoon HMRC, Apologies I have tried to find a thread but I am new to this community and a find it slightly overwhelming. My question if I may: For the tax year 2022-2023 I was employed and tax was deducted via the payroll. My personal savings interest which I have accrued from bank/NS&I is below the 10K threshold. So based on the questionnaire as my pay/savings were below 50K in total I do not need to complete a self assessment form or do anything? If I need to pay any additional tax HMRC will contact me via my HMRC account as the bank/NS&I advise you of interest. Thank you for assistance and patience. Brgds Jasmin
Posted Fri, 29 Sep 2023 15:22:44 GMT by HMRC Admin 20
Hi Jasmin S,

You are correct in concluding that you don't have to complete a Self Assessment tax return.  
Check if you need to send a Self Assessment tax return   
Detailed information on the tax rules re: savings interest is provided here:
Tax on savings interest

Thank you.

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