Tax year question
Owain_Moneysaver
Posts: 11,357 Forumite
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.
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Comments
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2019/20
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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.0
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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.0
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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.susanfrasher wrote: »Even I have the same question.0
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