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Current account interest
ghou_lfinger
Posts: 16 Forumite
Thinking about moving £2000 from my ISA and opening a TSB Classic Plus account. I understand I will have to pay tax on the interest I earn, how do I go about paying the tax. Is it done automatically or do I have to fill in a Self Assessment tax form?
0
Comments
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TSB will automatically take 20% tax off the interest they pay you.0
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plus
It depends on which income tax bracket you are currently in.
Next year it will change again.0
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