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Fixed Rate Interest

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Morning all,

This is my first post on here so please bear with me.

Up to present date I have taken out fixed rate bonds over the years when the interest rates have been good and received all interest upon maturity. Today a thought popped into my head...If I am declaring three years of interest on my tax self assessment for a matured bond then there is a grater chance of me paying much more tax if over the threshold. Whereas when it is possible to receive interest yearly, then the income is spread across three years which may be more advantageous. Am I right?  My 2023/24 earnings were way below the the threshold, whereas previous years have been a lot better. In the near future I have bonds maturing in the same tax year which will increase my income, income which would have been better during my 2023/24 tax year and thereby reducing the 2024/25 tax.

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