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Nawest Adapt Account and Paying Tax
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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
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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
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With mikeyorks help, lol
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