Savings interest - self assessment

Yorkie1

I know that if you have more than £10K interest on savings, you should be completing a self-assessment tax return.

Is this just taxable savings interest? I have less than £10K taxable interest, but when you add the ISA interest it goes above that figure.

Ayr_Rage

You DON'T declare ISA interest at all.

Yorkie1

Thanks @Ayr_Rage

I don't complete SA at present; it was just when I noticed my overall figures just now, I had a mental blank.

Newbie_John

Well you don't complete SA, but if you gained £9k in interests (ignoring ISA as it's tax free) then you will still pay tax on it.

There are also other random elements that count towards interests - Nationwide Fair Share £100, certain gains in GIA for example from Short Term Money Market etc.

Yorkie1

Yes, thanks. Fair share accounted for. I realise I pay tax through my adjusted tax code on the non-ISA interest. It was just the £10K that was temporarily bothering me.