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ISA taking me above £50270 tax threshold?
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Kacc
Posts: 11 Forumite

in Cutting tax
I'm aware that I don't have to declare my ISA interest on my tax form as it's free of tax - however when I add up all my income from pensions, dividends and savings (both ISA and regular taxable) it takes me above that tax threshold; yet if I ignored my ISA interest I'd be below that threshold.
So should I put that ISA interest on my tax form; and if so, where? Or can I legitimately leave it out to keep below that threshold?
Thanks!
So should I put that ISA interest on my tax form; and if so, where? Or can I legitimately leave it out to keep below that threshold?
Thanks!
0
Comments
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NO,
All ISA interest is free of tax, it DOES NOT need to be declared ANYWHERE regarding tax.2 -
I believe you don't declare ISA income (interest or dividends) on your tax return1
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Mark_d said:I believe you don't declare ISA income (interest or dividends) on your tax return1
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Cheers, all that's good to know!0
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Mark_d said:I believe you don't declare ISA income (interest or dividends) on your tax return1
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