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Savings and investments, when does one declare income to HMRC

rathaus
Posts: 1 Newbie
Hello, I'm new to this forum and have a really basic question around tax on savings and investments, trust someone can help me here.
Suppose I'm a 20% income tax payer and have the following streams of income from savings and investments in a given tax year:
1. Interest from bank accounts/peer to peer lending - 800£
Suppose I'm a 20% income tax payer and have the following streams of income from savings and investments in a given tax year:
1. Interest from bank accounts/peer to peer lending - 800£
2. Income from trading shares (capital gains) - 1000£
3. Income from dividends - 180£
As you can see I'm recording various types of income but in each case my income is within the tax free allowance (1000£, 12300£ and 2000£ respectively). I understand that I'm not tax liable but here is my question. Do I need to make HMRC aware of my income or can I ignore it for now and only get in touch with HMRC once my income goes above my personal allowance? I would be very grateful if someone could answer this.
3. Income from dividends - 180£
As you can see I'm recording various types of income but in each case my income is within the tax free allowance (1000£, 12300£ and 2000£ respectively). I understand that I'm not tax liable but here is my question. Do I need to make HMRC aware of my income or can I ignore it for now and only get in touch with HMRC once my income goes above my personal allowance? I would be very grateful if someone could answer this.
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