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

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