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Tax year question

Owain_Moneysaver
Owain_Moneysaver Posts: 11,393 Forumite
Part of the Furniture 10,000 Posts Name Dropper
in Savings & investments
If I invest in a one year fixed rate bond, from May 2018 to May 2019, with the interest paid annually (ie once, at the end), does all the interest fall within the 2019-20 tax year, or is it apportioned to 11/12s this year and 1/12 next year?
A kind word lasts a minute, a skelped erse is sair for a day.

Comments

  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    2019/20

    ……..
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If you positively want interest to fall within 18/19 you could look for an account - probably an instant access one - that pays interest within the year (e.g. on 31st December or whatever) or that will pay interest in 18/19 because you would close the account before April 6th 2019.
    Free the dunston one next time too.
  • Owain_Moneysaver
    Owain_Moneysaver Posts: 11,393 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm trying to get myself (and my spreadsheet) organised well in advance.
    A kind word lasts a minute, a skelped erse is sair for a day.
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    susanfrasher wrote: »
    Even I have the same question.
    Good job it was already answered. But you don't seriously have the same question; you're just making inane comments on lots of threads to build your post count before you are allowed to post spammy links.
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