tax on savings taxable after 1k is it automatic or self declaration??

A

AndyPRK

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• 11 Mar 2025

• #61

If you have a job, it’s all automatically done by adjusting your tax code the following year.

I wouldn’t stop anything. Your more likely to screw up the system and pay the tax anyway !

 

JohnD

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• 11 Mar 2025

• #62

gas112 said:

Glad you finally agree not a guaranteed chance of getting anything .

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Any cash saving is guaranteed to lose value.

 

Mottie

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• 12 Mar 2025

• #63

JohnD said:

Any cash saving is guaranteed to lose value.

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Stocks and shares are not guaranteed to gain in value either. If fact, you often get a warning telling you of that. It is possible to lose your initial stake even.