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Transfer of fixed savings account to new one on maturity

AndyWilson
Posted Wed, 04 Sep 2024 11:34:46 GMT by AndyWilson
Hi, I have some fixed rate accounts that, when matured, were transferred into new fixed accounts. Do I have to declare the interest on the old (matured) accounts, even if it goes straight to a new account? Thank you.
HMRC Admin 25
Posted Thu, 12 Sep 2024 09:55:46 GMT by HMRC Admin 25
Hi Andy,
Yes, you are correcy about declaring the interest.
Thank you. 

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