DrFfybes wrote:Really??? So for someone like me who uses their personal savings allowance I could be paying tax on income because it is wrongly described on my Tax Cert?
(Previous comment from my recollection - I could be wrong or things may have changed.)That would depend upon whether any of your HSDL investments pay interest, and your own tax situation, of course.
Perhaps not so much 'wrongly' described, perhaps less adequately than might be desirable.
As an aside, where ITs and Funds are concerned there is also the matter where a distribution may be derived from both underling dividends and interest (e.g. a mixed fund). Made more complicated because it may be split into an income fund (distributing) and an accumulation fund (not distributing, obviously) with 'notional income'. Additionally there can also be the matter of trail commission...
(But let's not go there!!)
Thankfully, most funds available to P/Is are fairly simply structured.
https://www.gov.uk/hmrc-internal-manual ... s/ifm03100