Yeah. Burger menu, interest button. Canāt miss it if you look.
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Found it, thank youu!
Why would you want to disable it ?
I am a Muslim, and interest is a major sin.
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It would be best to contact your local authorities regarding the form, @radish.chopsticks.
Yes, the correct rates are shown on the website, @RLX. On a side note, thank you for your suggestions - Iāll pass them forward 
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Thanks, but these are UK tax forms, and my local authorities have no relation to them. And UK authorities canāt help me unless I know the amount of UK tax paidāin sterling! And indeed the gross amount in sterling, too.
I mean, isnāt UK tax always in sterling? But the thing is, Trading 212 is currently only telling me the amounts in euros:
I appreciate the transparency that this provides in how itās being calculated. But there has to be a currency conversion involved at some point, surely?
Like, how does Trading 212 calculate the sterling amount when it comes to actually sending the tax money away? It would be great to see here either the conversion rate or the final amounts. Or if thereās some externally traceable method of conversion, like, say, using Bank of England or ECB reference rates for the day the interest is paid out on or computed for, it would even be enough (although less convenient) to have it described in detail in a Help Centre article or similar.
Of course, this isnāt urgent yet, as thereās more than half a year until tax reporting time. Iām sure your programmers have other things to add and iron out, such as a downloadable report for a whole year/month. But it would be fantastic to have a confirmation that this information will be made available in time, as without it, tax reporting seems not just harderābut impossible.
Apologies; Iāve just realized that I failed to complete my due diligence by researching how foreign-currency income is to be declared in the UK in general.
After a search, I havenāt found the relevant statutes, but it appears that one is allowed to convert the amounts using any of the appropriately-dated rates published by HMRC and possibly even third-party sources if theyāre deemed reputable.
But all of this applies when computing how much tax I owe. But in this case, Trading 212 has already paid some tax on my behalf and I need to declare how much they paid, so that HMRC can compute any difference. So intuitively, it seems that I should declare the exact converted amounts that T212 used, or Iād be defrauding HMRC. Or do they not care?
I have questions regarding this and minor concerns.
A crypo invested platform offered this option. They were called Celcius Network. The problem was. They filed bankruptsy. If you had any cash or assets that were passively generating interest. It became frozen.
You could not sell or move assets or funds until it is resolved. I still have assets frozen and an uncertain future.
My question is. If i allow my free cash to generate interest and for some reason 212 becomes unstable. Are the assets i gained interest with going to be frozen??
First and foremost, welcome to the community 
Celsius and a share dealer are very different things. From legal status, regulatory requirements, customersā asset protection, and even the business activities.
Celsius held your assets in crypto, which are still unregulated, and have no form of protection scheme.
T212 offers to pay part of the interests they receive on your cash balance, deposited on a bank account.
These assets are protected, and while a bankruptcy proceedings would put a freeze on their transfer, you will not lose your cash balance (up to the regulatory limit, which depends on which T212 you are registered with).
Edit: I believe the FCA regulates the UK entity, with deposit guarantee to 85kĀ£, and the EU entity is subject to 20kā¬. There is however an additional insurance scheme offered by Lloyds for deposit insurance up to 1Mā¬, but there may be situations for which the insurance would not go through.
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Youāre definitely misreading or misunderstanding the interest rates here. You must be. This question is crazy if youāre not misreading the interest rates. Tell me you are?
there is a button
The amount of tax withheld is the GBP conversion using the ECB rate on the transaction date. On a side note, regarding the tax relief for the UK tax paid in your country, it would be best to be discussed with a tax advisor.
So in simplistic terms, how much do you need to earn 1p in a day?
About Ā£225 by my calculations.
1.65% of 225 = Ā£3.7 / 365 = 1p a day
Edit. Do weekends count? Maybe this is wrong
Edit2: they do count so I think itās right
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Great feature. Certainly makes you stand out from others. Thanks.
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Because in some cases your tax returns could get infinitely more complicated for a relatively small or negligible gain.
For example, I have to pay zero capital gains tax as is. And if I do, itād be on a few transactions. (I buy and hold)
But once Iād start making interest, Iād have to download a few hundred ātransactionsā and sort them out nicely and fix up the layout and report them to the tax man.
For some numbers, if I have 1000ā¬ in cash for whatever reason on my T212, it makes me 12ā¬ over the whole year, and thatās not worth the additional hassle. And youād want to invest T212 funds anyway, so youād likely have even less cash thatād make interest.
So in such a case it would make sense to disable the option.
@B.E ,
Can you clarify me, if I have the same amount in the account as āFREE FUNDSā, with some days with paid Dividends and net interest accruing each day, shouldnāt I have a growing āInterest on Cash (Gross)ā every day, as it is compounding, and considering the same Interest Rate of 1,25%?
(Iām asking this, due that yesterday āInterest on Cash (Gross)ā was almost the same as the 1st day of interest. And I had Dividends paid to me on June 7th and 9th. And today āInterest on Cash (Gross)ā is the 4th smallest. The āInterest on Cash (Gross)ā graph isnāt compounding, as you can see my graph below.)
The gross payment is calculated using the accumulated interest for the day and the pending interest accumulated until this moment. Once the pending interest accumulated is equal to or more than 0.01 cents, it is paid out with the interest earned for the day.
This is why there was a drop after you received the sixth interest payment. The gross payment amount will now start increasing again until the next time your pending interest goes above the 0.01 cents threshold.
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Hi @Bogi.H ,
it says the interest is daily but I have not been issued anything?
Please could you guys look into it?
Letās take a look at this together, @Mr.Trade. Iāve just sent you a DM - please check your inbox 
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