SA → MTD for dividend and pension reporting?

janeskips2

I am doing my 21-22 SA. I see statements about the delayed MTD to start from 23-24. When I read the information I don't understand how this will affect me. I am not self employed or a landlord. I am fully employed and pay most of my taxes with PAYE. I prefer doing the SA to clearly report:
- savings interest above the allowance
- pension (SIPP) contributions outside of my workplace pension 

I know these 2 pieces of information could be relayed to HMRC by phone but previous experiences were unsatisfactory being both time consuming and error prone. Will SA be completely going away even for people like me and if so what would be the most practical option for me to do MTD?

Dazed_and_C0nfused

I prefer doing the SA to clearly report:
- savings interest above the allowance
- pension (SIPP) contributions outside of my workplace pension 

Don't know the answer to your main question (never?) but you have misunderstood the SA return.

There is no allowance for interest, you should be reporting all taxable interest.

Upto £6,000 of which will then be taxed at 0% (savings starter rate and savings nil rate)

Jeremy535897

Only self employment income and rental income (if both together exceed £10,000 income) will be within MTD, so at present the answer is that you won't be affected directly by it. SA returns will last for some time yet, as partnership income will not be brought within it until April 2025, and for those with complex affairs that don't involve rental or trading income there are no plans to replace SA altogether. 

hoc

Dazed_and_C0nfused said:

I prefer doing the SA to clearly report:
- savings interest above the allowance
- pension (SIPP) contributions outside of my workplace pension 

Don't know the answer to your main question (never?) but you have misunderstood the SA return.

There is no allowance for interest, you should be reporting all taxable interest.

Upto £6,000 of which will then be taxed at 0% (savings starter rate and savings nil rate)

Obviously they are referring to personal savings allowance of 500 for basic or 1000 for higher rate tax payers.

Starter rate is irrelevant to someone in FTE.

janeskips2

Thanks that's good I can continue with SA

Dazed_and_C0nfused

hoc said:

Dazed_and_C0nfused said:

I prefer doing the SA to clearly report:
- savings interest above the allowance
- pension (SIPP) contributions outside of my workplace pension 

Don't know the answer to your main question (never?) but you have misunderstood the SA return.

There is no allowance for interest, you should be reporting all taxable interest.

Upto £6,000 of which will then be taxed at 0% (savings starter rate and savings nil rate)

Obviously they are referring to personal savings allowance of 500 for basic or 1000 for higher rate tax payers.

Starter rate is irrelevant to someone in FTE.

I think some would beg to differ, particularly company directors.