Jasmin S
Joined: 9/20/2023
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RE: Reporting savings interest
Good afternoon HMRC, Apologies I have tried to find a thread but I am new to this community and a find it slightly overwhelming. My question if I may: For the tax year 2022-2023 I was employed and tax was deducted via the payroll. My personal savings interest which I have accrued from bank/NS&I is below the 10K threshold. So based on the questionnaire as my pay/savings were below 50K in total I do not need to complete a self assessment form or do anything? If I need to pay any additional tax HMRC will contact me via my HMRC account as the bank/NS&I advise you of interest. Thank you for assistance and patience. Brgds Jasmin -
Personal saving interest below 10K / pay under 50K - self assessment
Good afternoon HMRC, Apologies I have tried to find a thread but I am new to this community and a find it slightly overwhelming. My question if I may: For the tax year 2022-2023 I was employed and tax was deducted via the payroll. My personal savings interest which I have accrued from bank/NS&I is below the 10K threshold. So based on the questionnaire as my pay/savings were below 50K in total I do not need to complete a self assessment form or do anything? If I need to pay any additional tax HMRC will contact me via my HMRC account as the bank/NS&I advise you of interest. Thank you for assistance and patience. Brgds Jasmin