Foreign currency interest from UK broker

My UK based broker pays credit interest on uninvested balances in foreign currencies. As this is a UK broker, does this need to go on my UK savings interest or, as it's foreign currency, does it go on the Foreign Income section of my tax return? I believe they actually split the cash amongst various US banks, which leads me to think it may well count as foreign income, although the fact the broker themselves is UK based makes me wonder if it counts as UK interest.

[Company information removed - Admin]

Hi,

If the foreign currencies are held outside the UK, the interest would be foreign income.

Thank you.

Hi HMRC, Similar to the above, my UK based broker (Interactive Brokers UK) pays credit interest to my USD cash balances, initially I think they should be treated as UK income (as broker is UK based) so I filled the amount in SA100 in my previous year tax return (2022-2023). However, upon getting more information from the broker, I believe they are actually holding the USD in the US, and upon reviewing this thread, the interest earned should be treated as foreign income. Now my question is, so I need to amend my tax return (2022-2023) to include the USD interest earned in SA106 instead of reporting in SA100, although it makes no difference to my tax calculation? Thank you.

Hi,

Yes, to ensure the tax return is correct.

Thank you.