Josh Bear
Joined: 8/17/2024
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RE: Paying tax in NS&I Bonds
Hi, Can guide me on this? thanks -
Paying tax in NS&I Bonds
Hi, I have NS&I bonds maturing in 1 months time and my intent is to allow them to automatically move to another Bond with NS&I. None of the funds will leave NS&I for another year. Given I have earned interest on the current bonds and that will go into the new bonds with the original capital, when do I pay tax on that interest? 24 / 25 Tax year or 25 / 26 Tax Year? In case it is relevant, I am no longer working and have no income apart from interest on my savings as my pension is not available yet. Thanks for any help.
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