| Country: | United Kingdom |
| Title: | Interest on savings for children |
| Description: | Tell HMRC if, in the tax year, the child gets more than £100 in interest from money given by a parent. The parent will have to pay tax on all the interest if it’s above their own Personal Savings Allowance. You must also tell HMRC if a child has an income over their Personal Allowance, eg from a trust. The child will have to pay the tax on this. |
| Link: | https://www.gov.uk/savings-for-children |
| Category: | Individuals and Families |