Saving Interest Income

Hello, I am in full time employment. My total income for the tax year of 2022/23 (including annual salary and interest income) is less than £50,270. My saving interest is around £1,500 (above my personal saving allowance of £1,000) 1) Do I need to report my saving interest income to HMRC? 2) If yes, where can I report the saving interest income through online? Thank you.

Hi akquestion
If you do not complete a Self Assessment then the bank/building societies report the interest details to HMRC after the tax year end. Once received HMRC will review your PAYE record and if tax is due a calculation will be issued to you.
Thank you.

my mother (now deceased) as well as income from the state and occupational pensions had savings income from uk banks and nsi. In some years this may have exceeded £1000. Her tax code was not amended to cover the interest. Is any tax now due?

Hi,
Most likely not, as she will have been entitled to her personal savings allowance of £1000 and her starting rate for savings of £5000. To allow us to confirm this for you, please contact our Income Tax team.
Income Tax: general enquiries
Thank you.