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What happens if I exceed my Personal Savings Allowance?

POSTED: 29th June 2017
IN: Personal Savings FAQs
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If the interest you earn is more than your Personal Savings Allowance, HMRC will normally collect the tax by changing your tax code in the PAYE system. If you fill in a Self Assessment tax return you should carry on doing this as normal. Further information is available on the HMRC website.

  • Personal Savings
  • FAQ

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