Forced into Self Assessment - first timer advice needed (+ a LOT of background info)

rallycurve

So you need to start filing a self assessment because your income from savings is over £10,000 and you are asking if it is a good idea to stop earning any interest so you don't have to do this?

Do you realise you would be thousands of pounds worse off? If you are a base rate tax payer, you would be losing more than £8,000 (or if you were an additional rate tax payer, you'd be at least £6,500 worse off) 

I agree with previous replies that a SA should be really straightforward for you. But if you don't want to bother, surely keeping your money in savings account generating interest and using some of those ££ to pay an accountant to do your SA would be much better than not having any savings income at all?