2016 no tax on first £1000 interest earned

MisterMotivated

Hmmm, I've just tried to register, but it's telling me my P60 total doesn't match their records.

Dazed_and_confused

Which years P60 did you use? Tax people have probably only got the 2014/15 details yet so if you used 2015/16 it probablu wouldn't match

MisterMotivated

It was the 2014-15 one I used, so not sure what the problem was. I've emailed them so just awaiting a response to see what they suggest.

marsbar

hi there,
in regards to your link 1 about the personal tax savings allowance. The article states that any extra interest earned above the allowed amount would be deducted through your tax code.
My question is that if you earn any extra interest above the limit do you have to fill in a self assessment tax form or is it automatically done by the inland revenue through the tax code? If it is automatically done by the inland revenue will they notify me through the post with the breakdown of the figures so that I can check it? Thanks
Regards,
Tony.