Truman Lee

Good morning, I am a PAYE user but not quite sure if I should complete a self assessment tax return for my interest incomes from UK fixed-term saving account and foreign saving account. Due to the increase in interest rate, my UK interest income exceeded the PSA in 23/24. I am not sure if my bank have informed HRMC on this income as the bank statement states that it is my responsibility to disclose this income to HRMC. On the other hand, I am holding a foreign saving account which had generated around £7 interest in 23/24. It's my understanding that self assessment tax return should be completed for any amount of foreign interest incomes. I would like to seek your advice on whether I should complete a self assessment tax return for 23/24 in view of my situation above for both my UK interest income and foreign interest income. Thank you.

Hi, I have just opened a Junior ISA account for my child with Provider A, which cannot be accessed online. I then notice Junior ISA at Provider B which can be accessed online. I have not put money in Provider A yet. Do I need to cancel the Junior ISA with Provider A first before open another Junior ISA account with Provider B? Thank you.