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Posted Tue, 12 Mar 2024 09:57:12 GMT by warden5995 Warden
Hi, With the recent interest rate rises , I would have earned more than £1000 in interest , I have my savings in 3 different accounts with different banks/building societies. I currently have a works pension , which I don’t not pay tax on . My question is do I pay tax on my interest & how do I report it if I need to pay ?
Posted Tue, 19 Mar 2024 12:04:41 GMT by HMRC Admin 21 Response
Hi warden5995 Warden,
After the tax year end the bank/building societies will submit the interest details to HMRC. Once received we will review and if tax due a calculation will be issued to you with the details.
Thank you.

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