📨 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!

Declare ISA on self-assessment?

tabouleh
tabouleh Posts: 37 Forumite
in Savings & investments
I don't understand who needs to complete self-assess tax form with regard to savings. Guidelines say anyone who 2,500 in untaxed income from savings and also anyone with savings income of 10,000. Do either of these include a person's ISA investment?

Comments

  • gt94sss2
    gt94sss2 Posts: 6,041 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No, an ISA is not included at all on a tax return and any ISA interest does not count towards the income limits specified by HMRC.

    Regards
    Sunil
  • tabouleh
    tabouleh Posts: 37 Forumite
    Thanks, Sunil, for your quick reply (as well as the answer I really wanted to hear!)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.3K Mortgages, Homes & Bills
  • 176.7K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture