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Interest Question On Longer Term Fixed
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I can't remember, but I added the interest to the sum rather than having it paid away.wmb194 said:
At the time of application were you given the *option* to have the interest paid away every month or year, though? If so, it's correct to report the interest annually.Ocelot said:All of my fixed rate accounts get 'reported' to the HMRC each year, and I have to pay tax on them even though I don't get to see the interest until the end of the term.0
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