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crissywissy wrote on Wed Jan 6, 2021 5:47pm:
Maybe I’ve missed something but we dont pay tax on savings...possibly on the interest which is minimal but overall paying a bit extra tax is nothing compared to savings in other areas....we pay less per year in ‘council tax equivalent’ than we paid per month in UK!
I have to show every year monies in all accounts that are held worldwide, i only receive a state pension as i cashed out others years ago, so that is the only income received. i am taxed on my world wide assets which has already been taxed.
Failure to declare this in your annual returns leads to fines and problems.
This is only going to get worse, in addition to the wealth tax which does not affect me.
