Skip to main content

This is a new service – your feedback will help us to improve it.

  • Foreign Interest and Personal Savings Allowance

    I am opening a foreign bank account for my UK resident daughter (under 16). Am I correct in understanding that even though she will earn a nominal amount of interest from it (well under the Personal Savings Allowance) because it will be foreign interest she will need to declare it. And I will need to register her for self assessment to do so? And that the only way to register a minor for self assessment is via post? Thanks a lot.