This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

UK personal savings allowance - overseas account

jakky88
Posts: 1
Joined: Tue Dec 31, 2019 1:51 pm

UK personal savings allowance - overseas account

Postby jakky88 » Tue Dec 31, 2019 2:13 pm

Hi,

I am a UK resident and I hold some of my UK income (that is already taxed- PAYE) in an overseas savings account. The interest earned on this account is less than £500 a year. My income tax band is basic rate, can I use my personal savings allowance for this interest earned from the overseas bank account? Do I need to include this on my self assessment tax return?

maths
Posts: 7901
Joined: Wed Aug 06, 2008 3:25 pm

Re: UK personal savings allowance - overseas account

Postby maths » Sun Jan 12, 2020 5:15 pm

Yes and yes.


Return to “International Tax”