Principality bs interest from closed accounts for tax return

s71hj

Trying to gather information of 25 26 tax year interest .I can't seem to find a way to generate details of interest received from my Principality accounts that are now closed. Anyone know if there is a way to do this? I've sent a message and the reply was that they'd post it but think they must have put a 3rd class stamp on!!!!

wmb194

https://forums.moneysavingexpert.com/discussion/6686065/principality-bs-interest-from-closed-accounts-for-tax-return

Were the maturity proceeds transferred to your current account? Can you derive the interest from that figure? If you know you always deposit the maximum every month then it would be quite easy.

refluxer

Principality are one of the few banks and building societies I deal with who don't automatically send out annual interest summaries. They do send out an annual statement at the end of April which, at first glance, does appear to be one but it only lists accounts that are open on the date the statement is produced and doesn't list accounts that were closed during the previous tax year, so is of limited use for self-assessment purposes as it doesn't always give the whole picture.

Fortunately, I keep my own records and, as my Principality accounts mainly tend to be regular savers, it's easy to work out the yearly interest paid out for those accounts, either from a bank statement or the account closure letter they send through the post.

Bigwheels1111

I just keep a list of reg savers and interest paid, but as above when I forget to update the list, my bank account is the first option to find payments and interest above the max limit on said reg saver.

A vary simple list as not good with spreadsheets like some others on here.

Regular Savers 26/27.

Principality
5.4% £ 50 First of the month. 12/12 Apr

Paid
by Standing order from

Pays
out 18/04/26 Interest £ 17.47 ✔

Principality

7.5% £200 First of the month. 12/06 Apr

Paid
by Standing order from

Pays
out 30/04/26 Interest £ 32.41 ✔

First
Direct 7.0% £300 10th of the month. 12/12 May

Paid
by Standing order from

Pays
out 13/05/26 Interest £135.61 ✔

Skipton 6.25% £250 First of the month. 12/12 May

Paid
by Standing order from

Pays
out 30/05/26 Interest £107.43 ✔

BreakingGlass

https://forums.moneysavingexpert.com/discussion/6686065/principality-bs-interest-from-closed-accounts-for-tax-return

I have been through this process a few times and the statements did take a good 2-3 weeks to arrive, despite being dated as the date of my request.

s71hj

https://forums.moneysavingexpert.com/discussion/comment/82162587#Comment_82162587

I think I'll go into a branch and ask for the info as we are in monmouth and Ross on wye next week

redux

I just left a quid each in the last couple of Principality accounts, so I can log in to check

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82163072#Comment_82163072

That's a good idea, wish I'd have thought of it a while back. One Christmas RS with them which matures in a couple of weeks, and it's fairly easy to see what interest is paid out and add to spreadsheet, which is what I've been doing anyway. I've got an access account with them just in case anything interesting comes up in the future.

Swipe

Since the recent alternate day scheduling changes, my 2nd class post is now taking almost 2 weeks to arrive.

qsk

https://forums.moneysavingexpert.com/discussion/comment/82163072#Comment_82163072

I used to do that - but found that if I leave a £1 there, it could earn 0.01 interest and I'll have to have another account to worry about next year. This can be hassle-some when you got a few £1 accounts in this way and lose track.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82163630#Comment_82163630

1 pence interest is not declarable for tax purposes ( declarable income is rounded down to the nearest pound).

The suggestion by @redux is very sensible in this regard. I keep all accounts open to ensure I can capture year end interest certificates ( online) for self assessment purposes.