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

molerat

I think it only shows if you have spare allowance or they think you should actually pay tax on the interest

Yorkshire_Pud

RG2015 said:

BrownTrout said:

Where on the online account do you even see the interest amounts?, ive logged in and cant see it?

You can also see the interest for previous years by logging in to your PTA online and then clicking Start now on the link below.

https://www.gov.uk/guidance/annual-tax-summary

Then click on the tax year, your income and taxes and you taxable income. This should show your Main income and Other income (including interest).

I followed the link and logged in but the page just shows how the government spent taxes and a message not everyone has an annual tax summary.

2010

Yorkshire_Pud said:

BrownTrout said:

Where on the online account do you even see the interest amounts?, ive logged in and cant see it?

Nor can I and I’ve looked really hard. I don’t think it’s available to all?

You won`t see a breakdown of savings interest only the total.
RG2015 posts above tells you how to do it.
For the next tax year 21/22 HMRC doesn`t get the info until Aug/Sept.

lindabea

masonic said:

I could tell HMRC I don't need to complete a tax return next tax year and stop sending them in. From what I've read on this thread I might be mad to do so as I'd then need to follow up with HMRC to keep correcting estimated income from savings. Is Self Assessment the easier option? It shouldn't take me long when all I would have to declare beyond my PAYE income is savings interest and a trivial amount of dividends (both below their respective nil rate bands).

When I asked HMRC to put me on self assessment, I was told that I don't meet their criteria to be put on self assessment.   I don't know if this is correct, but it would appear that you can't just register for SA at your discretion.  Having said that, when I sign into my online tax account , I see that I have been issued with a UTR.  Is this related to self assessment? 

bowlesbargain

lindabea said:

masonic said:

I could tell HMRC I don't need to complete a tax return next tax year and stop sending them in. From what I've read on this thread I might be mad to do so as I'd then need to follow up with HMRC to keep correcting estimated income from savings. Is Self Assessment the easier option? It shouldn't take me long when all I would have to declare beyond my PAYE income is savings interest and a trivial amount of dividends (both below their respective nil rate bands).

When I asked HMRC to put me on self assessment, I was told that I don't meet their criteria to be put on self assessment.   I don't know if this is correct, but it would appear that you can't just register for SA at your discretion.  Having said that, when I sign into my online tax account , I see that I have been issued with a UTR.  Is this related to self assessment? 

This was a question I was going to ask my wife was on SA when she had to declare her interest on savings each year when it changed she was taken off SA as she did not meet the criteria can she just ask and be put back on it as like many they get it wrong every year double counting counting accounts that have been closed etc etc. Thasnk you

masonic

lindabea said:

masonic said:

I could tell HMRC I don't need to complete a tax return next tax year and stop sending them in. From what I've read on this thread I might be mad to do so as I'd then need to follow up with HMRC to keep correcting estimated income from savings. Is Self Assessment the easier option? It shouldn't take me long when all I would have to declare beyond my PAYE income is savings interest and a trivial amount of dividends (both below their respective nil rate bands).

When I asked HMRC to put me on self assessment, I was told that I don't meet their criteria to be put on self assessment.   I don't know if this is correct, but it would appear that you can't just register for SA at your discretion.  Having said that, when I sign into my online tax account , I see that I have been issued with a UTR.  Is this related to self assessment? 

Once on SA, it seems they keep asking you to complete tax returns until you tell them you don't need to. You are correct that you cannot choose to go on SA. They put me on SA as I contributed to a VCT a while ago and wanted to claim the 30% tax relief. I haven't met the criteria in any of the last 3 tax years but they've continued to invite me to complete one, and as I had untaxed interest over the PSA it made sense for me to do so. This tax year I will be within the PSA, so the tax I pay through PAYE should cover everything. However, their estimate of my non-coded income far exceeds reality, so I don't want them messing with my tax code and I don't want to go through a process of phoning them to sort it out every year.

littlemoney

RG2015 said:

littlemoney said:

RG2015 said:

littlemoney said:

I just logged into my account and am wondering if all saving accounts have been reported. Their figures and and mine are very  different. I did contact them last year, by web chat, and was promised details of all interest received but the letter never arrived. Should all interest on saving accounts be notified including any which are rolled up at the end of a year and reinvested into another one year bond.

All interest should be notified but sometimes mistakes are made. If you phone HMRC they will send you a list of al the interest reported.

See post no. 8 on the thread linked below which may help you. This poster was able to get the information they required.

https://forums.moneysavingexpert.com/discussion/comment/78090917#Comment_78090917

Thanks for the suggestion. I will try another web chat or leave it till the weekend as I don't have any inclusive calls on my phone, only free landline calls at the weekend. The web chat last year never produced the promised report. I was told it would take about 10 working days but they didn't specify which days and in which year. Perhaps the 10 days have not occurred yet.

If they haven't been notified, I assume they will catch up with me some day. Am I correct?

Looks like their phone lines are not open at the weekend.

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees

Looks like it's a web chat for me if I want to correct them. I did look at self assessment as only PAYE, interest and dividends making up my income but I don't qualify accoding to this link to see if I qualify. Not rich enough, as it seems that SA may only be applicable if you have more than £10,000 from dividends or savings and investments. but how do you tell HMRC about dividends.

https://www.gov.uk/check-if-you-need-tax-return

masonic

littlemoney said:

RG2015 said:

littlemoney said:

RG2015 said:

littlemoney said:

I just logged into my account and am wondering if all saving accounts have been reported. Their figures and and mine are very  different. I did contact them last year, by web chat, and was promised details of all interest received but the letter never arrived. Should all interest on saving accounts be notified including any which are rolled up at the end of a year and reinvested into another one year bond.

All interest should be notified but sometimes mistakes are made. If you phone HMRC they will send you a list of al the interest reported.

See post no. 8 on the thread linked below which may help you. This poster was able to get the information they required.

https://forums.moneysavingexpert.com/discussion/comment/78090917#Comment_78090917

Thanks for the suggestion. I will try another web chat or leave it till the weekend as I don't have any inclusive calls on my phone, only free landline calls at the weekend. The web chat last year never produced the promised report. I was told it would take about 10 working days but they didn't specify which days and in which year. Perhaps the 10 days have not occurred yet.

If they haven't been notified, I assume they will catch up with me some day. Am I correct?

Looks like their phone lines are not open at the weekend.

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees

Looks like it's a web chat for me if I want to correct them. I did look at self assessment as only PAYE, interest and dividends making up my income but I don't qualify accoding to this link to see if I qualify. Not rich enough, as it seems that SA may only be applicable if you have more than £10,000 from dividends or savings and investments. but how do you tell HMRC about dividends.

https://www.gov.uk/check-if-you-need-tax-return

Before they put me on SA, I used to write them a letter with details. They would send back a tax calculation. One year I invested in a VCT and asked for the tax relief to be included in the calculation, and they responded that the tax relief could only be claimed through SA, then registered me to complete a tax return, which I have been asked to complete ever since. So there are other reasons people get on SA. I have never qualified for SA according to that link.

According to your link, there is also the option to 'tell us about a change' online within the personal tax account.

littlemoney

masonic said:

littlemoney said:

RG2015 said:

littlemoney said:

RG2015 said:

littlemoney said:

I just logged into my account and am wondering if all saving accounts have been reported. Their figures and and mine are very  different. I did contact them last year, by web chat, and was promised details of all interest received but the letter never arrived. Should all interest on saving accounts be notified including any which are rolled up at the end of a year and reinvested into another one year bond.

All interest should be notified but sometimes mistakes are made. If you phone HMRC they will send you a list of al the interest reported.

See post no. 8 on the thread linked below which may help you. This poster was able to get the information they required.

https://forums.moneysavingexpert.com/discussion/comment/78090917#Comment_78090917

Thanks for the suggestion. I will try another web chat or leave it till the weekend as I don't have any inclusive calls on my phone, only free landline calls at the weekend. The web chat last year never produced the promised report. I was told it would take about 10 working days but they didn't specify which days and in which year. Perhaps the 10 days have not occurred yet.

If they haven't been notified, I assume they will catch up with me some day. Am I correct?

Looks like their phone lines are not open at the weekend.

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/income-tax-enquiries-for-individuals-pensioners-and-employees

Looks like it's a web chat for me if I want to correct them. I did look at self assessment as only PAYE, interest and dividends making up my income but I don't qualify accoding to this link to see if I qualify. Not rich enough, as it seems that SA may only be applicable if you have more than £10,000 from dividends or savings and investments. but how do you tell HMRC about dividends.

https://www.gov.uk/check-if-you-need-tax-return

Before they put me on SA, I used to write them a letter with details. They would send back a tax calculation. One year I invested in a VCT and asked for the tax relief to be included in the calculation, and they responded that the tax relief could only be claimed through SA, then registered me to complete a tax return, which I have been asked to complete ever since. So there are other reasons people get on SA. I have never qualified for SA according to that link.

According to your link, there is also the option to 'tell us about a change' online within the personal tax account.

Opps missed the tell us about bit

Yorkshire_Pud

2010 said:

Yorkshire_Pud said:

BrownTrout said:

Where on the online account do you even see the interest amounts?, ive logged in and cant see it?

Nor can I and I’ve looked really hard. I don’t think it’s available to all?

You won`t see a breakdown of savings interest only the total.
RG2015 posts above tells you how to do it.
For the next tax year 21/22 HMRC doesn`t get the info until Aug/Sept.

I did follow all the process described in #1 and for me there is no figure for savings interest only my pension. 

I’m fairly sure people have reported seeing the sources of each individual interest payment that contributes to the total.

I don’t think the information is available to all in their gov.uk accounts as it’s not there in mine!