Alexandra
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Interest earned on UK savings, Skilled Worker Visa, double taxation agreement
Good day, I am in the UK on a Skilled Worker Visa. Due to my foreign employer (located in the UK) and the double taxation agreement between the UK and that foreign country, I pay: - taxes in the foreign country - National Insurance in the UK. I have a current account and a savings account in the UK. The savings account led to interest earnings of GBP 3.00 (three pounds in 2022-23) and GBP 45.00 (forty-five pounds in 2023-34). I had not thought about that when opening the account, I just wanted to have a place to put my saved money for a better overview over and management of my finances. Do I need to report these interest earnings to HMRC? Thank you for your assistance.