Tiny Weasel
Joined: 9/22/2023
-
Interest from savings account
Hello, I have always been a PAYE employee for decades and currently am a higher rate tax payer (but well short of £100K, unfortunately). Due to rising interest rates last year my savings interest exceeded the £500 tax free allowance. Is this reported to HMRC by the bank or do I have to report it myself? I completed the questionnaire about whether I need to send a self assessment but the result was No. Thanks