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Dumbo question re savings interest/self-assessment
middlingditch
Posts: 69 Forumite
in Cutting tax
Hi all, sorry for this question which feels very basic but:
When filling in my tax return (self-assessment, self-employed) do I really have to enter the few pence I receive in interest on my tiny savings? It'll literally add up to about 20p if I'm lucky. I know it's not taxable but do I have to at least tell them about it??
When filling in my tax return (self-assessment, self-employed) do I really have to enter the few pence I receive in interest on my tiny savings? It'll literally add up to about 20p if I'm lucky. I know it's not taxable but do I have to at least tell them about it??
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Comments
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No. Even if you did the system rounds pence down to zero..1
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Thanks! So at what point would I have to enter a figure? If it goes over £1?0
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No, when it reaches £1 😊Thanks! So at what point would I have to enter a figure? If it goes over £1?1 -
Heh heh - very much appreciate your exactness!
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