RobX

Thanks HMRC Admin 20, for the clarification. I have since requested this information from my online share trading account provider and await their response.

Hi, I have a question regarding interest paid, on cash balances held in a UK share dealing nominee account. Can this be considered as savings income, even though it is not specifically referenced in https://www.gov.uk/apply-tax-free-interest-on-savings ? NB. This 'client money', as defined by the FCA, is deposited in multiple banks, covered by the FSCS deposit protection scheme and when Bank of England base rates rose rapidly, in late 2022, my account then started paying interest on cash deposits. Because this is essentially a return of interest paid by the banks to the client, via the nominee, I assume it falls within the intended scope of the legislation?