What do I do if the interest goes up - how do I pay back?
Hi, I am about to retire to Thailand and I am worried that if I put in a R85 (interest without tax taken off) and the interest rates improve later (if they do) and it pushes the interest above my tax allowance, what can I do, with me being out of the country The interest and a small pension are my only income and they are about £700 below my allowance at this moment in time.
Public Comments
- All interest is exempt from tax once you are a non-resident of the UK, so you have nothing to worry about.
