Interest details on HMRC Personal Tax Account. Updated to include how to access interest details.

drlabman

Surprise - I managed to get through on webchat. It was open until 10pm and I got through at about 9:30. It was interesting, to say the least. I asked for a list of banks reporting interest in 2017-18 and the rep dutifully supplied some - but it was nowhere near the full set. I have a lot - he listed ten. I don't know if he just lost interest (ha!) or ran out of time but he missed a bunch. No TSB, no Tesco, no Halifax. I guess he was cutting and pasting into the chat because they were all formatted the same, and he was slooooooow. And it was just a list of accounts - not the amounts reported. There's no way the list he supplied accounted for all the interest I received - although I'm confident, from my records, that all (or nearly all) the interest was reported to them. I asked if he could send me the details in a letter - no can do. What was also interesting was it looked as though the accounts that matured in 2017-18 e.g. regular savers, and accounts that I closed, were not in the list, as if it was the predicted list for 2018-19. Seeing as their calculation was wrong, and slightly in my favour, I'm tempted to just leave well alone.

Biggus_Dickus

caveman38 wrote: »

As extra information from post 170.
My tax code for 19/20 has been adjusted to accomodate all three interest figures over the 0% rate ie. I earned 1,500 interest in 17/18 and owe them 500 x 20% = 100. Therefor using that assessment, they have adjusted 19/20 to include the same amount due to the for 18/19 & 19/20 ie. my code has been clobbered by 1,500 points.
Obviously it is the only way they can claim overdue tax. Forward things will improve and this will be the worst year since the problem was only brought about by the abolition of interest being taxed at source.


Excuse the omission of the pound sign - I've lost it

"...could it be in your pocket? "

Frogletina

I have been using the HMRC Personal Tax account online service but I am having difficulty adding the closing interest onto an account that has recently closed.

The interest was £48.41, but it would not accept that as it said I used decimals and to use a valid amount. I then tried £48, and it would not accept that either. I tried putting in 48 - not accepted. Then I used £48 and it did accept it this time.

Is this the correct way? What happens to all the pence that I cannot record? The list of other accounts with interest that was from 17/18 does show pence. For this account the 17/18 interest shows as £1.59 on the list.

Now I cannot log in at all - this BETA service seems very temperamental

Can anyone who has amended interest on Gov.uk advise me how they did it?

Site is not working correctly again tonight

frogletina

starfish10

How can I view my interest in my personal tax account?



The only income showing there is my employment income and then non coded income underneath but not sure if this is supposed to be my interest from savings

veryintrigued

This thread has been extremely useful for prompting lots of us to have a look at this information.

I wonder if the OP would be as kind as to amend their original post to guide others who spot this thread as to where this info is shown.

I know this info is contained a few posts down but it may slow the same questions being added in what is now a long thread.

I would have struggled to find this detail if it hadn't been spelt out on this thread where to look on Gateway by the way!

Cheers

starfish10

Hi I have looked all over my personal tax account and cant see where it can be. I am interested in finding it as I have a lot of different accounts including regular savers to maximize interest so its complicated when i have to get all these together.

RG2015

veryintrigued wrote: »

This thread has been extremely useful for prompting lots of us to have a look at this information.

I wonder if the OP would be as kind as to amend their original post to guide others who spot this thread as to where this info is shown.

I know this info is contained a few posts down but it may slow the same questions being added in what is now a long thread.

I would have struggled to find this detail if it hadn't been spelt out on this thread where to look on Gateway by the way!

Cheers

Let me look at that now. I am getting bored stiff with the league cup final.

Rich2808

dgp1000 wrote: »

It's not just you Rich2808. I think Al Rayan have reported all their ISA accounts as taxable as both me, my wife and daughter have had the same happen to us. Luckily we've already shut all three accounts. They've also failed to report the account which should have been taxed. Makes you wonder how robust their systems are.

Just a follow up on the Al Rayan issue i.e. ISA accounts being recorded as taxable and non ISA accounts being treated as tax free on personal tax accounts.

I have spoken to the Bank and they are aware of this issue. They also informed me they reported the information correctly to HMRC.

Al Rayan will apparently be writing to all customers affected by this ‘error’ and tax codes/underpayments of tax will apparently be adjusted by HMRC to correct for this. These letters should be going out ‘shortly.’

Vortigern

Further info has been added to the PAYE section recently.

I can now see estimates of next year's income and next year's tax code.

I still can't edit the banks with no sort codes.

RG2015

For information, as of this moment, all of my interest income details referred to at the start of this thread have disappeared from my personal tax account online.