Orson Cart
Joined: 11/8/2023
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Reporting interest on personal savings
I am in full time employment. I do not receive a pension. I do not complete a self assessment form and according to the HMRC questionnaire I don't need to. My question relates to savings that I have in UK banks which I believe will be subject to tax: Do I need to do anything to report my savings to HMRC or will that be done automatically by the financial institutions which hold my savings?