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Tax Code increased for untaxed interest
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Melvinsmum58 said:Log on via your Personal Tax Account and provide updated estimated/actual figures.I log on via the Government Gateway, and there is no place to amend bank interest that I can see (someone might know otherwise!). When this issue first arose about 5yrs ago, there was a way to see a list of accounts and interest gained, and amend them, or delete closed accounts, but not any more, to my knowledge.
We have the same problem, the highest we had was £1080 interest each about 6 yrs ago after we had an inheritance and some windfalls. We are down to about £50 each now (through investing not spending!).
I am not earning now, my last tax update last autumn showed interest of ~£700, so not worth contacting them about, and my husband does SA so adds the correct values then. But it is still so annoying.
However, I found it very confusing so did not use it.
https://forums.moneysavingexpert.com/discussion/comment/79037768#Comment_79037768
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Melvinsmum58 said:Log on via your Personal Tax Account and provide updated estimated/actual figures.I log on via the Government Gateway, and there is no place to amend bank interest that I can see (someone might know otherwise!). When this issue first arose about 5yrs ago, there was a way to see a list of accounts and interest gained, and amend them, or delete closed accounts, but not any more, to my knowledge.I am relationship expert. Don't feel shy, say hello.0
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