matured investment roll over

[Echo Bertie]

I have an investment that has matured with interest payable at end of term. If I roll over the investment and interest into another investment/bond, when do I pay income tax on the interest from the original investment? Does it get paid when for example I let the rolled-over investment mature and the cash (capital and interest from first and second investment) is paid back to me? thanks

[pawncob]

The interest is assessed in the year it's first paid. ie on first maturity.