Self Assessment savings income

Hello, I've been asked by HMRC to complete a self assessment with regards to private pension, dividends and savings interest. Completing the pension and dividends section is straight forward however doesn't HMRC already have my savings income from the banks?

Hi,

If it is over £1000 (500 if higher rate) you still need to show it on the return as further tax may be due.

Thank you.

HMRC Admin 32 you have to include ANY amount of savings income as the savings income is added to your other income to determine whether you need to pay tax at higher rates. This even applies if no tax is due on your savings income due to the savings allowance.

Helios, you are correct, HMRC will receive details of your savings interest for the tax year 2022-2023 by the end of this month. However this information does not update your Self Assessment record so you must provide it again on your tax return. You are entitled to see this information that HMRC have received about your savings income from your banks etc. by making a subject access request to HMRC. Details of how to do this can be found @ https://www.gov.uk/guidance/hmrc-subject-access-request

@Helios I think you're missing the point of "Self" Assessment. You need to declare all of your taxable income. HMRC probably know about your (taxable) pension income as well but you still have to show that.