Aussie82

Hi HMRC, Situation: • I have several sources of Australian income – not just interest. • I'm in the higher rate tax band. I understand that my Personal Savings Allowance is £500. • For 2022-2023, my gross, worldwide interest is under £500. • Currently, my Australian interest is added towards my taxable income. Question: • Should I be claiming Foreign Tax Credit Relief if I'm within the £500 Personal Savings Allowance? Thanks in advance.

Hi HMRC, Situation: • I have several sources of Australian income – not just dividends. • All my dividends come from Australia. • For 2022-2023, my gross amount of dividends is under £2000. • Currently, my Australian dividends are added towards my taxable income. Question: • Should I be claiming Foreign Tax Credit Relief if I'm within the £2000 annual allowance? Thanks in advance.