claliamin XXX
Joined: 4/22/2024
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Tax on savings income - how is it paid?
How should I pay tax on income from savings, if total interest earned in below £10k but above £500? Do I need to pay it myself ? or HMRC will change my tax code and therefore I don't need to do anyhting? Does the tax code change mean that I will pay more tax on my salary every month this year? or will the charge be a one-off charge? -
RE: Income from savings
When the tax code changes, when will money go out of my account ? I had more accounts, will each account be charged with the corresponding tax? What if I have no money left in that account?