If you hold money in an ISA (e.g. a Cash ISA, Stocks & Shares ISA, or Lifetime ISA), any interest or investment gains you earn are completely tax-free, so you do not need to pay tax on your earnings.

For other savings accounts, such as our Notice Accounts, Simple Saver, or Reward Savings Account, these aren’t within the ISA wrapper, so aren’t tax-free.

The majority of people can earn up to £1,000 per tax year in interest without needing to pay any tax, however this will depend on your individual circumstances and the tax you pay from your employment or other income.

You can find more information on savings interest tax, as well as how to work out your personal savings allowance, on the government website, here.

Note that we’re not able to provide financial advice at Moneybox - if you’d like advice on your specific circumstances we’d recommend speaking with an independent financial adviser.

If you need an interest summary for your savings account, you can find this in Settings > Account document > Statements. Here you’ll be able to generate a new statement based on your chosen dates, including the previous tax year if needed.