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Has anybody had their 2015/2016 1.2.3. account interest tax returned?


tonyrob8491
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Hello.

 

I have a Santander 123 account and have been paid interest, less tax, on it over the last tax year.

 

I was surprised last week when all the tax I'd paid on the interest was returned to my account.

 

Has anybody else on the forum received the tax back and does anybody here know why?

 

Thanks

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Hello and Welcome,

 

There's a couple of 'link's' here that should explain...

 

http://www.theguardian.com/money/2015/mar/21/savings-revolution-tax-deposits-isas

 

https://www.gov.uk/apply-tax-free-interest-on-savings

 

Regards,

 

Scott.

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Thank you for the reply Scott.

 

The £1000 Personal Savings Allowance started on April 6th this year, how would this affect the tax paid on my interest for tax year commencing 6th April 2015?

 

Regards.

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Thank you for the reply Scott.

 

The £1000 Personal Savings Allowance started on April 6th this year, how would this affect the tax paid on my interest for tax year commencing 6th April 2015?

 

Regards.

 

Yes Sorry, I was wondering about that myself.

 

I'll see if I can get any clarification.

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

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Hi,

 

Previous years tax liability will be as they were before the change of From 6 April 2016...the link is connected to Santander accounts and will provide the information instantly...

 

http://helpcenter.santander.co.uk/(S(pk4tva55r5xjqe2b31ignibq))/_layouts/helpcenter/FaqDetail.aspx?pregId=122

Any advice I give is honest and in good faith.:)

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Looking in as requested............

 

........... but I have to admit I don't know the answer at this stage :oops:

 

:-)

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Looking in as requested............

 

........... but I have to admit I don't know the answer at this stage :oops:

 

:-)

 

Well you should :)

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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