Social charges on Uk bank interest

Banking & Financial Tax & Social charges
1

We are inactif S1 Refusal holders, early retired not working.
We have been charged 17.2% social charges on Uk bank interest declared and Uk tax paid.

Is this correct?

Thanks

2

I don’t know about the rate but an S1 refusal doesn’t bring you any exemptions from social charges. Should you not be paying tax on the interest in France rather than the UK if you’re resident in France?

1 Like
3

Yes, I agree with John. UK bank interest should have been declared in France where it will attract tax according to your income band, and social charges which are 17.2%.

If your bank interest is not paid gross then you need to fill in the forms to your UK bank to arrange this.

If you declared in the Uk and paid tax you now need to reclaim this.