Self Assessment - Interest

Dazed_and_confused

The only other thing I would add to glider3560's post is that there should be an extra line to tax the savings interest,

£737 x 0% (the starter savings rate)

But £133.60 does look to be the correct amount payable based on your previous post

Dorian1958

MrsDorian has shown me her online SA again. It is clear to me now, ignoring the savings interest, that she has exceeded her personal allowance and therefore is rightly due to pay tax, so thank you all for helping me understand this. On checking her form there are no other additional amounts entered other than what I have previously posted. Under "View your calculation" there is no calculation as such, the following is actually copied from the form:


This section provides you with the result of your calculation. Please check the figures and amounts due carefully.
Please note: Unless you are viewing a previously submitted return you must click the 'Next' button at the bottom of this page to save then submit your return.
Total amount due for 2016-17£145.60PlusFirst payment on account for 2017-18£0.00Total to be added to Self Assessment account due by 31 January 2018 HM Revenue and Customs will add this amount to your Self Assessment statement of account. It doesn't include any 2016 to 2017 payments on account you may have made or any other amounts outstanding. To help you to decide how much, if anything, to pay by the due date, check your Self Assessment account and use the information above until it transfers over.
Please note: Please carefully check the figures and the amounts due, which are calculated using the amounts you have entered. HM Revenue and Customs will allocate your payments against any Class 2 National Insurance first unless you have outstanding debts.



£145.60

glider3560

Dorian1958 wrote: »

MrsDorian has shown me her online SA again. It is clear to me now, ignoring the savings interest, that she has exceeded her personal allowance and therefore is rightly due to pay tax, so thank you all for helping me understand this. On checking her form there are no other additional amounts entered other than what I have previously posted. Under "View your calculation" there is no calculation as such, the following is actually copied from the form:


This section provides you with the result of your calculation. Please check the figures and amounts due carefully.
Please note: Unless you are viewing a previously submitted return you must click the 'Next' button at the bottom of this page to save then submit your return.
Total amount due for 2016-17£145.60PlusFirst payment on account for 2017-18£0.00Total to be added to Self Assessment account due by 31 January 2018 HM Revenue and Customs will add this amount to your Self Assessment statement of account. It doesn't include any 2016 to 2017 payments on account you may have made or any other amounts outstanding. To help you to decide how much, if anything, to pay by the due date, check your Self Assessment account and use the information above until it transfers over.
Please note: Please carefully check the figures and the amounts due, which are calculated using the amounts you have entered. HM Revenue and Customs will allocate your payments against any Class 2 National Insurance first unless you have outstanding debts.



£145.60

There should be a link (View and print full calculation, or something like that) which takes you to a page detailing how they calcuated the amount due.