Skip to main content

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

Posted Mon, 30 Sep 2024 22:04:58 GMT by No1else
I see from my SA calculation that the interest I noted (about £20 for a current account) has been added to my tax calculation as has my shares dividend of approx £15. I thought I could earn up to £500 in interest before it is taxed. Should this £20 have been added to my taxable income calc?
Posted Wed, 09 Oct 2024 09:24:27 GMT by HMRC Admin 17 Response

Hi ,
 
This is still taxable income and will be correctly included.

However, you will see from your calculation that the tax rate applied on these source will be 0%  .

Thank you .

You must be signed in to post in this forum.