Skip to main content

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

Posted Wed, 11 Sep 2024 10:34:10 GMT by ALBERT JACKSON
Does the tax due calculator automatically deduct the £1,000nallowance on Interest, if not where do I enter it? Regards Eddfromhudds
Posted Wed, 18 Sep 2024 18:50:35 GMT by HMRC Admin 25
Hi ALBERT,
Yes the savings allowance is automatically taken into account on the calculation. 
Thank you. 
Posted Wed, 18 Sep 2024 20:26:12 GMT by ALBERT JACKSON
Thank you for your help.
Posted Sat, 28 Sep 2024 00:01:22 GMT by h4jdu
When I entered an interest amount it added it to my income and therefore attracted tax at that rate, is this a problem with the calculation? It is within the allowance for the tax band so I would not expect it to be taxed.

You must be signed in to post in this forum.