Self Assessment- Should ISA interest be declared?


Self Assessment- Should ISA interest be declared?

Postby goodraw on Wed Jan 30, 2013 3:15 pm

Hi, wonder if anyone can help- UK interest on SA ,do I need to put interest received from an ISA where it says "untaxed UK interest ".
Thanks
goodraw
 
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Re: Self Assessment- Should ISA interest be declared?

Postby helpneeded on Wed Jan 30, 2013 3:55 pm

No, ISA interest does not have to be declared on the tax reurn or anywhere at all. It is totally tax free. :D
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Re: Self Assessment- Should ISA interest be declared?

Postby goodraw on Wed Jan 30, 2013 3:58 pm

Thanks for clarifying that, helpneeded.
goodraw
 
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Re: Self Assessment- Should ISA interest be declared?

Postby tax_schmax on Wed Jan 30, 2013 4:20 pm

Not quite tax free, tax deducted from dividends at basic rate, at source.
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