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Savings interest for non taxpayer

I have a joint deposit account with my husband. 
He’s retired but his tax allowance is taken up by his state pension plus a small other.
I have a small pension but don’t work.
We’ve been advised that my portion of interest on our savings shouldn’t be taxable.
How do I check/put this in place?  Speak in branch at the building society?

Comments

  • Flugelhorn
    Flugelhorn Posts: 7,377 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 5 November 2024 at 5:23PM
    Highly likely that the interest is untaxed at source

    usually interest on joint accounts is split so you tell HMRC of half the amount and they arrange taxation (or not) for that half - we have the same with us being in different tax bands 
  • eskbanker
    eskbanker Posts: 37,635 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No action needed - the building society will report the interest to HMRC and they'll work on the basis that the interest on the joint account is split 50/50, and will advise you if any tax is due.  For either of you, does total pension plus savings income exceed £18,570?
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