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  • FIRST POST
    • oldy
    • By oldy 26th Nov 17, 7:12 PM
    • 5Posts
    • 0Thanks
    oldy
    Telling the Taxman
    • #1
    • 26th Nov 17, 7:12 PM
    Telling the Taxman 26th Nov 17 at 7:12 PM
    Just out of interest (excuse the pun), in the unlikely event that I exceed the £1000 interest allowance, do I have to report this.
    This would be included in a self-assessment return of course but what if the only other income are pensions etc, which come under PAYE.
Page 2
    • oldy
    • By oldy 29th Nov 17, 11:12 AM
    • 5 Posts
    • 0 Thanks
    oldy
    It was much simpler when all interest etc was taxed before we received it.
    This also made Isas (seem?) more attractive, but that was at a time when we all weren't getting ripped of with the present investment rates.
    • xylophone
    • By xylophone 29th Nov 17, 11:38 AM
    • 23,635 Posts
    • 13,770 Thanks
    xylophone
    dont want to fall fowl of not declaring additional income.
    Do HMRC have a Twitter feed?
    • bigadaj
    • By bigadaj 29th Nov 17, 1:21 PM
    • 10,803 Posts
    • 7,100 Thanks
    bigadaj
    It was much simpler when all interest etc was taxed before we received it.
    This also made Isas (seem?) more attractive, but that was at a time when we all weren't getting ripped of with the present investment rates.
    Originally posted by oldy

    I'm currently very happy with my annual 10% investment rate over the last five ten years or so, don't knock it.


    If you mean savings rate then yes, they are often rather poor.
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