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How to change the estimated amount of interest allocated by HMRC to my account for 25/26

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PaulCooper
PaulCooper Posts: 296 Forumite
Part of the Furniture 100 Posts Combo Breaker
As the title suggests, HMRC have made an estimate of the amount of interest I will earn during 25/26. The amount is nowhere near the true amount and I'd like to correct it (or at least make a more accurate reduced estimate) I can't seem to find a place to do this online. Is it possible to do this? if so, where abouts on their site (within my account) can this be done
Many thanks
Paul

Comments

  • Hoenir
    Hoenir Posts: 7,720 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 13 June at 1:43PM
    Click

    Pay as You Earn (PAYE)


    Check current tax year


    Amend figures as you wish

  • Ayr_Rage
    Ayr_Rage Posts: 2,692 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 13 June at 4:08PM
    Log in.

    Pay as You Earn > Check current tax year > Information HMRC has about you > View and update information HMRC has about you >

    Non-coded Income > Update or Remove

    Job done

    Edit : That's the normal web page sequence, haven't tried the app.




  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,526 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Ayr_Rage said:
    Log in.

    Pay as You Earn > Check current tax year > Information HMRC has about you > View and update information HMRC has about you >

    Non-coded Income > Update or Remove

    Job done





    That is irrelevant to what the op has asked about though.
  • Ayr_Rage
    Ayr_Rage Posts: 2,692 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    @Dazed_and_C0nfused I beg to differ.

    " The amount is nowhere near the true amount and I'd like to correct it (or at least make a more accurate reduced estimate)"
  • PaulCooper
    PaulCooper Posts: 296 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks for responding, but I don't have the button 'Information HMRC has about you'
    It's not until I get to the page giving a detailed breakdown of how the tax code is made up, that I can see their estimated figure------ actually not unreasonable to base it on last year's figure, but nowhere near correct
    Any more thoughts
    Paul 
  • Sarahspangles
    Sarahspangles Posts: 3,239 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Thanks for responding, but I don't have the button 'Information HMRC has about you'
    It's not until I get to the page giving a detailed breakdown of how the tax code is made up, that I can see their estimated figure------ actually not unreasonable to base it on last year's figure, but nowhere near correct
    Any more thoughts
    Paul 
    It’s PAYE > Add Missing Income

    That’s in the HMRC App, it’s similar in the Personal Tax Account on Gov.uk, but you may have to select the current year.

    After a couple of steps it’s clear ‘Missing Income’ includes incorrect income.
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  • PaulCooper
    PaulCooper Posts: 296 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    OK, think I've got it, or at least I hope I have! although it's far from intuitive. Yes, went down the route of missing income, which isn't what I'd call it, but there you go. Hopefully they won't add the small amount I've just entered to the amount they've estimated----- find out in 15 days
    Thanks all that helped
    Paul 
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,526 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Ayr_Rage said:
    @Dazed_and_C0nfused I beg to differ.

    " The amount is nowhere near the true amount and I'd like to correct it (or at least make a more accurate reduced estimate)"
    It has nothing whatsoever to do with non coded income though
  • Pdman
    Pdman Posts: 45 Forumite
    Part of the Furniture 10 Posts
    15 days!
    I updated my interest figure via the app 3 months ago and HMRC have still not adjusted my tax code for 25/26.
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