Reuben Lee
Joined: 7/29/2023
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RE: Reporting savings interest
Hello there! I haven't been following this thread closely so I apologise if my question has been asked already... I am a full time PAYE employee at the basic rate (~£30k gross). In the tax year 2022-2023 I earned ~ £1,700 gross interest on my savings. I have registered for self assessment and have a UTR. However, when I go to check if I need to fill in a tax return, question 5 asks, "Did you get more than £10,000 from dividends or savings and investments?" Of course, I answer no and answer the rest of the questions accordingly only to be told "You do not need to send a Self Assessment tax return". I'm confused as I believe I owe ~£150? Unless this is being taken from me elsewhere? Any advice greatly appreciated!