See total interest earned on cash for the financial year

šŸ’” Feature suggestions & ideas
1

In the ā€œinterest earned on cashā€ menu, thereā€™s a summary for ā€œyour earningsā€ which only lists ā€œlast monthā€ and ā€œall timeā€.

As a higher incometax payer, in the UK, earning any more than Ā£500 in a single financial year will mean Iā€™ll need to pay tax on anything earned above this amount. It would be good to be able to see at a glance if Iā€™m getting close to this number as April approaches so that I may respond accordingly or at least prepare my own self assessment form.

Without this, my only options are to either export all the data in my acocunt and manually add up the sum or make a manual note of my all time earnings at the start of the financial year and subtract that from my all time earnings in a yearā€™s time to see if Iā€™m due to pay any tax.

A small, but very impactful quality of life feature.

1 Like
2

Hey, @PabloTheDolphin :wave:

Thank you for sharing your feedback with us. Iā€™ll forward it to the team and let you know if something is introduced with a future update. In the meantime, apart from the options you mentioned, you can also find the total interest earned on uninvested funds in your annual statement, which you will be able to generate shortly after the tax year ends.

3

Just wondering how this would help

You have until October to register for self assesment if you have to then pay the tax by the following January so there is no big rush to see interest gained before April year end. Why are you ā€œpreparingā€ for self assessment so soon and what advantage does that have? Only thing I can think of is to stay under a limit but this is a rare case, for capital gains this might be more useful.