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When do I pay tax on credit interest?

You only need to pay tax on any interest you earn above your Personal Savings Allowance. You are responsible for making...

What does the Personal Savings Allowance mean?

Your Personal Savings Allowance is the total amount of interest you can earn in a tax year without paying tax. If you're...

Why are you no longer deducting tax from my credit interest?

Banks are no longer required to deduct tax from the interest earned on your account. For more information or guidance on...

Does the Personal Savings Allowance affect everyone?

Yes. It affects everyone with a non-ISA savings or current account that pays credit interest.

How do I pay tax to HMRC?

HMRC will normally collect the tax by changing your tax code. Banks and building societies will give HMRC the information...

Does my Personal Savings Allowance affect my ISA allowance?

No. You can still save up to your annual ISA subscription limit per tax year. Your Personal Savings Allowance covers the...

How do I receive a Certificate of Interest?

If you are registered for Online Banking you can view your Certificate of Interest online in the document store for any...

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