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Hmrc self assessment point 6 & ISA interest?
Hi,
Not sure of I have to do self assessment again this year, or for 2024-2025, or even if I have the correct year for when I need a self assessment for.
BUT in any case, point 6 of the "do I need to self assess" questionaire mentions additional income.
If I am using my normal savings and easy access cash ISA interest to give me a extra pounds in my hand every month as part of my pension/spending money, can this be counted as additional income?
Thank you.
Comments
-
No, ISA income is not required to be declared.
1 -
You don't need to pay tax on ISA income even if it exceeds £2500 pa.
1 -
Savings interest (and dividend) income is covered by question 5 of that wizard, so the 'additional income' item referred to in q6 doesn't relate to savings.
2
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