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ISA taking me above £50270 tax threshold?

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Kacc
Kacc Posts: 11 Forumite
First Post
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!

Comments

  • Ayr_Rage
    Ayr_Rage Posts: 2,753 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    NO,

    All ISA interest is free of tax, it DOES NOT need to be declared ANYWHERE regarding tax.
  • Mark_d
    Mark_d Posts: 2,427 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I believe you don't declare ISA income (interest or dividends) on your tax return
  • Nomunnofun1
    Nomunnofun1 Posts: 689 Forumite
    500 Posts Name Dropper
    Mark_d said:
    I believe you don't declare ISA income (interest or dividends) on your tax return
    Nor is it included when determining thresholds for whatever purpose - child benefit, marriage allowance etc
  • Kacc
    Kacc Posts: 11 Forumite
    First Post
    Cheers, all that's good to know!
  • Bookworm105
    Bookworm105 Posts: 2,016 Forumite
    1,000 Posts First Anniversary Name Dropper
    Mark_d said:
    I believe you don't declare ISA income (interest or dividends) on your tax return
    there is no believe about it 
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