How much to live on

Humboldt

https://forums.moneysavingexpert.com/discussion/comment/82049036#Comment_82049036

Morning @louby40, I had a similar experience when I retired. I knew that any interest earned from my accounts was minimal because our hard earned pennies are all tucked away in tax free savings, so I did a bit of research. I checked all of the statements online and was able to gain an exact figure fairly quickly. I then rang the tax office again and informed them of the amount, offering to provide them with the relevant statements should they wish. The individual on the other end of the phone accepted my figures and processed my tax refund, with the proviso that I would be liable to pay extra, should the amount differ when information was formally received. I am aware that actions are not always consistent and are dependant upon the individual you are speaking to, but worth a try. Fingers crossed 🤞

louby40

Hi Humboldt thanks for replying. It appeared he didn't really know what he was talking about as he asked me about an account I had in 2024 when I sold my house in May 20#& and I put a large amount of money into a high interest account for about 2 months before we finally exchanged contracts in July 2024. That bank was then closed down.

No doubt I do have other bits on interest accumulated here and there but one current account has since been closed down too. It really will be under £300 I imagine and will be a total pain to try and work out.

I may try though. Thanks