tax on savings taxable after 1k is it automatic or self declaration??

[AndyPRK]

If you have a job, it’s all automatically done by adjusting your tax code the following year.

I wouldn’t stop anything. Your more likely to screw up the system and pay the tax anyway !

 

[JohnD]

Glad you finally agree not a guaranteed chance of getting anything .

Any cash saving is guaranteed to lose value.

 

[Mottie]

Any cash saving is guaranteed to lose value.

Stocks and shares are not guaranteed to gain in value either. If fact, you often get a warning telling you of that. It is possible to lose your initial stake even.