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Self Assessment- Should ISA interest be declared?
Posted: Wed Jan 30, 2013 3:15 pm
by goodraw
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
Re: Self Assessment- Should ISA interest be declared?
Posted: Wed Jan 30, 2013 3:55 pm
by helpneeded
No, ISA interest does not have to be declared on the tax reurn or anywhere at all. It is totally tax free.
Re: Self Assessment- Should ISA interest be declared?
Posted: Wed Jan 30, 2013 3:58 pm
by goodraw
Thanks for clarifying that, helpneeded.
Re: Self Assessment- Should ISA interest be declared?
Posted: Wed Jan 30, 2013 4:20 pm
by tax_schmax
Not quite tax free, tax deducted from dividends at basic rate, at source.