Ignorant question about savings interest and tax returns

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81900940#Comment_81900940

Though you may be old enough to remember Lester Piggott.

Nebbit

https://forums.moneysavingexpert.com/discussion/comment/81900455#Comment_81900455

I have just done the 24-25 tax return, submitted on Jan 31st. Do you mean the return for that year can still be amended?

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/comment/81901803#Comment_81901803

Yes, normally until 31 January 2027.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81901803#Comment_81901803

As @Dazed_and_C0nfused says yes you can. With the interest figures you mention your tax bill shouldn't change but do check the tax calculation to make sure.

As an aside you didn't leave out any other income did you? Like the pension?

Nebbit

My pension income appeared on the form automatically, I did not have to fill it in. So I assume this means it is already taxed at source, as my salary was

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81902263#Comment_81902263

That is interesting. People say the state pension gets prepopulated on the tax return but there is less mention of private pensions. Certainly I had to enter the figures for my annuity in 24/5.

Yes a private pension will have had tax deducted under PAYE just like a salary. Whether the right amount of tax is deducted is another matter.

Nebbit

I have three pensions, all from working in the public sector/education, and they do appear

Shylock_249

https://forums.moneysavingexpert.com/discussion/comment/81901305#Comment_81901305

Neigh! 🤣

Nebbit

I have easily found the interest figure on my bank statements. However these are joint accounts with my wife, whereas the tax return is for me only. She does not do one. Does this mean I can half the interest figure on my tax return?

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81910781#Comment_81910781

Yes, you declare your share of the interest on your tax return, which will generally be 50% for joint accounts.