Jersey Bank interest on uk self-assessment form

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    #1

    Jersey Bank interest on uk self-assessment form

    Hi
    Got question with regards to income tax
    I’m a British citizen, non-resident in the uk and Eu.
    At present I file a uk self-assessment every year for uk property income.
    I have a bank account in jersey, that has just started to pay interest
    on some very small savings, (I have never resident in jersey)
    as a non uk resident, do I need to put this interest earned on the uk self-assessment tax form?
    I kind of think no, but just want to be sure.
    I do file my own tax return, so no accountant to ask.
    Any help would be great
    thanks royboy1.
    Tags: None
    #2
    Where does the interest get paid?
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment

      #3
      If your total income in UK is below £43K, you have a personal savings allowance of £1000 which is tax free.

      https://www.gov.uk/government/public...ings-allowance

      Comment

        #4
        Originally posted by Gordon999 View Post
        If your total income in UK is below £43K, you have a personal savings allowance of £1000 which is tax free.

        https://www.gov.uk/government/public...ings-allowance
        Hi Gordon.999
        didn't know that for savings, yes way way below 43k income.
        and only 400 quid interest, so no tax then.
        is that interest subject to the uk self assessment tax form as a non uk resident.?

        Thank you for that
        Royboy1

        Comment

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