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Tax owed due to bank acct savings interest

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  • Albermarle
    Albermarle Posts: 27,820 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    OP
    If you scroll through the forum, you will see that there are regular queries about tax on savings interest.
    By reading them you should get the full picture.
  • singhini
    singhini Posts: 814 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    This thread is evidence alone that everyone should be forced to do self-assessment annually!!!

    -This thread covers lack of savings interest tax knowledge.
    -The thread i just read the person didn't know what the income tax bands are.
    -Martin Lewis et al on  TV last Thursday and lady presenter reads out a message explaining that said person tracked down a company pension they had forgotten about worth £80k and the audience is clapping (unbelievable). 
    - i'm watching the local news and social services being blamed for the lack of care being provided for a child (no criticism of the parents).
    - Children growing up with little financial education (however i bet the parents could tell you what's happening on Love Island, EastEnders, Coronation Street...........)

    @eskbanker
    @Dazed_and_C0nfused
    @Albermarle

    I really don't know how you three come on this forum every day and manage to dish out good sound advice without loosing your temper?

    I can't cope....... i'm off to watch a football match on the tele which i have no interest in (less painful than reading threads on this forum).



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