Personal savings allowance and tax code

Wheres_My_Cashback

colsten said:

HappyBirthday said:

I can't find anywhere to change the estimated bank interest on the Government Gateway. I think I will have to phone or write to have my code amended. Is this other's experience?

It's another mess. You can't do it when logged in via the Government gateway but you can do it if you log into your Personal Tax Account using gov.uk Verify.

The good news is that signing up to gov.UK Verify should be quick if you have a UK passport and/or Driving licence, and a mobile phone. I have very unsuccessfully used Experian as the Verify service but Barclays has been working every time for a long time - so I can recommend you choose Barclays.

I only access my HMRC accounts via the Gateway login which enable me to see PAYE for this and previous years and also enables me to change estimated earnings.
I can then access (from a saved link)

Interest earned from your accounts: overview

and update or remove accounts, though as many will know it seems to be only the larger mainstream banks that can be done online, the others have to be done over the phone.

RG2015

colsten said:

RG2015 said:

colsten said:

HappyBirthday said:

I can't find anywhere to change the estimated bank interest on the Government Gateway. I think I will have to phone or write to have my code amended. Is this other's experience?

It's another mess. You can't do it when logged in via the Government gateway but you can do it if you log into your Personal Tax Account using gov.uk Verify.

The good news is that signing up to gov.UK Verify should be quick if you have a UK passport and/or Driving licence, and a mobile phone. I have very unsuccessfully used Experian as the Verify service but Barclays has been working every time for a long time - so I can recommend you choose Barclays.

I can access my estimated interest on both Government Gateway and UK Verify. In fact my personal tax account online is identical using either method with one exception. I can only see my self assessment information when I log in via Government Gateway.

The question isn't about accessing your estimated interest. Which, as you quite rightly say, works regardless of the login method.

The question was how to change the estimated interest. I can do this (and any other income), and have done so, when logging in via gov.uk Verify but not when logging in through the Government Gateway. HTH.

I have 24 various savings accounts being reported on my PTA. Ten of these display the bank sort code and the others do not. I can amend those with the sort code but not those without it. These details are identical whichever way I log in.

colsten

Wheres_My_Cashback said:

I only access my HMRC accounts via the Gateway login which enable me to see PAYE for this and previous years and also enables me to change estimated earnings.
I can then access (from a saved link)

Interest earned from your accounts: overview

and update or remove accounts, though as many will know it seems to be only the larger mainstream banks that can be done online, the others have to be done over the phone.

The saved linked used to work for me but doesn't any longer (with either login)

I have 24 various savings accounts being reported on my PTA. Ten of these display the bank sort code and the others do not. I can amend those with the sort code but not those without it. These details are identical whichever way I log in.

No savings accounts whatsoever are shown in my PTA. Just one lump sum under the heading "Other Income Not Earned", and  only visible when logged in via Verify. I can change this sum (and have done so a while ago).

As I said, it's a mess.

schiff

I have a Barclaycard but can't join Verify via Barclays using that. So I joined Experian, which I don't need, and I get reports via the MSE service anyway. So I'll try Verify via Experian probably tomorrow. If you cancel the month's trial with Experian does that affect accessing Verify in the future? I don't fancy paying £14.99 monthly for something I don't need! 

RG2015

schiff said:

I have a Barclaycard but can't join Verify via Barclays using that. So I joined Experian, which I don't need, and I get reports via the MSE service anyway. So I'll try Verify via Experian probably tomorrow. If you cancel the month's trial with Experian does that affect accessing Verify in the future? I don't fancy paying £14.99 monthly for something I don't need! 

You don't need to join the Experian paid for service (Credit Expert). There is a free Experian service as well which should suit your needs (Credit Matcher). I use Experian for UK Verify and only have the free account.

I am not sure you even need this as Experian collects data on everyone whether they subscribe or not. UK Verify actually selects the best ID one for you if you go to their website on the link below.

https://www.gov.uk/personal-tax-account

 PS Here is the link for the free Experian account.

https://www.experian.co.uk/experian-account/01_free_score.html

colsten

schiff said:

I have a Barclaycard but can't join Verify via Barclays using that. So I joined Experian, which I don't need, and I get reports via the MSE service anyway. So I'll try Verify via Experian probably tomorrow. If you cancel the month's trial with Experian does that affect accessing Verify in the future? I don't fancy paying £14.99 monthly for something I don't need! 

You don't need a Barclays, or an Experian, account to use the for Verify. No account with any of the other verifiers needed, either. You do need to register for one of more of the verifying services, which are all free of charge (and have nothing to do with the accounts these guys normally offer).

Having said this, Barclays do also offer their verify service using any login details you have for a Barclays account, saving Barclays customers the registration. However, registration should only take 10-15 minutes max, anyway, with any of the verifiers. I do have a Barclays account (£14 cashback a month atm!) but I had my Barclays verify account long before then, and I always log into Verify using my Barclays verify credentials, not my bank login ones.

schiff

Very briefly I had to give up. Did it the long way. Calculated my tax for 17/18, 18/19, 19/20 without interest. Totted up the tax overpaid. Calculated the liability on interest for the same years and compared. Not unhappy with the end result.
I had a £200+ underpayment adjustment for 18/19 in my code for 19/20, even though my submitted return for 18/19 showed an overpayment of £100+. I've done my 19/20 return but not yet filed it. There was no mention at all about the £100+ overpayment, though the £200+ underpayment was included.
I've claimed the £100+ repayment, to get it out of the way. When I've received it I will complete submission of the 19/20 return and pay off the underpayment direct. I don't want it messing up my coding for this year nor for the next.
My codes will be just PA less estimated interest over £1000.

schiff

A few explanatory bits:
Experian doesn't do it any more. I will be cancelling of course.
Digidentity took me to a page with a not secure warning message.
Surprised to find HMRC Live Chat open yesterday. That's how I got my 19/20 coding details.
Couldn't find how to claim the overpayment via Gateway, so googled 'how do you claim an income tax repayment from HMRC' and it took me straight there!

Dazed_and_C0nfused

schiff said:

Very briefly I had to give up. Did it the long way. Calculated my tax for 17/18, 18/19, 19/20 without interest. Totted up the tax overpaid. Calculated the liability on interest for the same years and compared. Not unhappy with the end result.
I had a £200+ underpayment adjustment for 18/19 in my code for 19/20, even though my submitted return for 18/19 showed an overpayment of £100+. I've done my 19/20 return but not yet filed it. There was no mention at all about the £100+ overpayment, though the £200+ underpayment was included.
I've claimed the £100+ repayment, to get it out of the way. When I've received it I will complete submission of the 19/20 return and pay off the underpayment direct. I don't want it messing up my coding for this year nor for the next.
My codes will be just PA less estimated interest over £1000.

Thev£100 overpaid in 2018:19 wouldn't be part of your Self Assessment return or tax calculation, it would just show up on your Self Assessment account.

There is no £200 underpayment for you to pay either, it should be part of the 2019:20 tax calculation and it is the bottom line of that calculation that would be payable (or refundable to you).

qsk

If HMRC over-estimate your interest on Tax code on PAYE, what happens to that over-payment? Do you need to manually reclaim it in the next tax year?