Self assessment form advice

F1Fan

My friends 87 year old mum has just received a self assessment form, I'm trying to help but unsure if you just half the savings interest if it's a joint account - sorry if that's a silly question. Also, do you mention the banks dividend payments?

Thanks

flaneurs_lobster

You, your friend and your friend's mum need to have a look at the notes that accompany the SA form.

Read through them and hopefully the answers will be there.

eskbanker

https://forums.moneysavingexpert.com/discussion/6664057/self-assessment-form-advice

As above, there are explanatory notes, but the short answer is yes, she must declare her taxable income, which, in the case of a joint savings account, will generally be half of the interest paid, unless there's been any other split nominated with the other party/parties.

What do you mean by "the banks dividend payments", does she have shares in a bank (outside a tax wrapper such as ISA or pension)?