Foreign Income 03 - Interest and other income from overseas savings
Select the check box if you received any interest and other income from overseas savings.
This includes:
- interest from foreign bank accounts, foreign company loan stocks or from loans to individuals or organisations outside the UK
- interest from overseas unit trusts and other investment funds, including from reporting offshore funds (use the details on your unit trust or fund voucher). Where the offshore fund is more than 60% invested in interest bearing assets, any distribution that you receive, or that is reported to you, is treated as interest received
- income from a purchased life annuity
- excess 'reportable income' from reporting offshore funds - this is income accumulating in offshore funds that you've not yet received Details of excess reportable income must be provided to participants by the offshore fund
- other overseas savings and accrued income securities
More information available in Help sheet 343 - Accrued Income Scheme.
Check the Interest Article of the relevant Double Taxation Agreement to make sure you're able to claim FTCR as certain types of income are only taxable in the UK.
