Stirling933
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RE: Building Society etc. Interest
Hi. I very much appreciate the time & effect the two respondents have given to my enquiry . However the question remains ; Do I need to Register ? Thank you . -
RE: Building Society etc. Interest
Hello , Thank you for your reply . I am aware that the three listed categories are " Tax Free " . My question is do they have to be taken into account when calculating if over £ 10,000 has been received in Interest from UK institutions in a single Tax Year ? To be absolutely clear -- If I received £ 25,000 in Interest from Cash I.S.A.'s in a single Tax Year do I have to register for Self Assessment , yes or no . Thank you for the very much appreciated help you are offering , as a Pensioner I am worried about breaking the law . -
Building Society etc. Interest
Hello , One of the conditions to register for Self Assessment is if B.B.S.I. exceeds £ 10,000 in a Tax Year . Does the following count towards this figure : 1) Cash I.S.A., Interest ? 2) National Savings Tax Free Certificate, Interest ? 3) Premium Bond Prize/s ? Or can they be ignored when calculating the figure ? Any answers would be very helpful .