Oliverps46 Oliver
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RE: How and when tax is payable on fixed rate bonds
Can tax on fixed term bond interest be deferred to another year by reinvesting the full amount in another bond -
RE: Maximum Savings Interest before I need to pay tax
I have bonds maturing in the future that will incur tax. If instead of having the interest paid I reinvest it all into another fixed term bond will I be liable for tax in the year it first matures? Or because I have not withdrawn any money will tax be due when the reinvestment bond matured in future years? Thanks