BlueBerry14

Thanks!

Hi, I'm a resident in the UK(full-time employment) and my PSA is 500 pounds per year. I opened saving accounts at the end of last year for the first time. I'll go over my allowance with my savings account. My question is the following: Does my bank will notify HRMC the amount of my savings interest and HRMC will automatically update my tax code? OR do I need to do anything about it? If the bank is supposed to notify HRMC, how can I double-check that? I read multiple threads on this forum and got confused with all the different answers.I ask someone at the Bank who basically didn't know. Thank you very much, Arnaud