Payments of interest to you will be made after deducting tax equivalent to the UK basic rate of Income Tax (currently 20%) which we pay to HM Revenue & Customs. The exception to this requirement is where interest is paid to investors who hold bonds within an IFISA, in which case interest can be paid without deduction of tax. However it remains your responsibility to declare any interest paid and account for any additional tax that may be due to the appropriate tax authorities.
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