Hi
So my interest statement reads ‘between Apr 2023 and Apr 2024 you earned £X from personal account and £Y from your joint account’
My question is - is the £Y figure already halved or do I need to halve it for my tax return?
Thanks
Where are you based?
Depending on the answer to 
- why are you reporting Personal/Joint interest gains in a tax return?
@davidwalton UK tax return requires reporting of interest earned, as interest over £1000 is taxable.
@egrogers, I asked the question for my own tax return and I’m pretty sure the answer was that it shows half the total interest earned on joint pots, i.e. your share of it. The statement specifies you have earned this interest, which would also suggest that.
However I will try and find the definitive answer tomorrow in my past emails to my accountant and confirm. (I had asked Monzo support, so if you want an answer more quickly (?!) I’d suggest doing the same.)
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This personal savings allowance can be as low as £500 or £0 depending on what your taxable income is.
I’m not sure the value in the PDF has been split, but you can verify by pulling up a pot statement coving the tax year you’re looking at.
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True, my statement was a bit sloppy. The point I was making was that interest has to be declared on a tax return but you’re correct that it’s not a fixed threshold and depends on your earnings and your personal allowance.
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Managed to find my chat history. Momzo told me they it’s the total interest paid, so you need to halve it.
Thank you - this is the answer I needed. The wording on the statement isn’t clear at all!
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Agree, it could definitely be better worded.