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Do I have to pay tax on the interest I earn?

It depends on how your business is set up.

If you're a sole trader, any savings interest you earn is your personal income - and is subject to income tax if it exceeds certain limits.

If you're a limited company director, your savings belong to the business and any interest earned is company revenue - which may be subject to corporation tax.

Find out more in our savings interest tax guide.

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