We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Nawest Adapt Account and Paying Tax
luke_pa
Posts: 43 Forumite
Hello, ive got an adapt account with Natwest and have just turned 16. Will i pay tax on the interest i recieve from now on?
I cant find it anywhere on their site.
Cheers
Luke
I cant find it anywhere on their site.
Cheers
Luke
0
Comments
-
You will if you don't fill an R85 in (provided your total income is under £8105 in 12/13)
But why duplicate your question from earlier this month? Post #2 on there fully answered you.
https://forums.moneysavingexpert.com/discussion/comment/52275583#Comment_52275583If you want to test the depth of the water .........don't use both feet !0 -
Oh i put in a search to find my post after i done it and couldnt find it so thought that it hadnt gone through.
Sorry.0 -
I work full time and am on well over the the limit for tax free interest. So where is the best place to put my money, that isnt in my ISA(already limited)???
Cheers
Luke0 -
You need to complete one of these and send it to your local branch:
http://www.hmrc.gov.uk/forms/r85.pdfIm an ex employee RBS GroupHowever Any Opinion Given On MSE Is Strictly My Own0 -
No point as earn over the £8,??? a year.0
-
With mikeyorks help, lol
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards