Richard Curtis looks at how interest income is taxed on UK individuals.
Interest income for UK individuals can arise from a variety of sources, including (but not limited to) savings accounts, current accounts, fixed-term deposits, corporate bonds, government gilts, peer-to-peer lending platforms, and some unit trusts.
For most individuals, the interest they receive will be from banks and building societies. Whether an income tax liability will arise, and at what rate, will depend on a variety of factors.
