Hi,
A newby question if I may as I am totally confused, I am currently on a higherate which by what I have been reading is making use of my personal allowace in full (if I understand correctly).
No other incomes, pensions, benefits or anything else. Standard salary tax code.
Been reading about the Personal Savings Allownce however cant understand if its already included on the personal allowance.
So my question is, if I open a savings account (which should give me a £500 of PSA), do I still have to fill any return tax form because of it since the PA is fully used?
(the interests I reckon will be around 10£ year)
Thanks
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