Richard Knibbs
Joined: 7/8/2023
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NS&I interest
I am a pensioner receiving basic pension. I work part time and pay tax on that via the company payroll. Now interest rates have gone up I will be getting more than the £1000 tax free interest allowance. How does HMRC know how much I make so as to tax me on the interst of over £1000. NS&I say it is upto me