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  • FIRST POST
    • Maximum Saving
    • By Maximum Saving 12th Oct 16, 6:18 PM
    • 169Posts
    • 325Thanks
    Maximum Saving
    Halifax Reward going down
    • #1
    • 12th Oct 16, 6:18 PM
    Halifax Reward going down 12th Oct 16 at 6:18 PM
    Today I read that it will pay £3.00 instead the £5.00 a month. It needs £750 a month and 2 direct debits.
Page 1
    • Dazed and confused
    • By Dazed and confused 12th Oct 16, 8:44 PM
    • 1,386 Posts
    • 568 Thanks
    Dazed and confused
    • #2
    • 12th Oct 16, 8:44 PM
    • #2
    • 12th Oct 16, 8:44 PM
    My Halifax Reward is currently £6.25/month, how do you get the £5 one?
    • YorkshireBoy
    • By YorkshireBoy 12th Oct 16, 8:54 PM
    • 29,144 Posts
    • 16,948 Thanks
    YorkshireBoy
    • #3
    • 12th Oct 16, 8:54 PM
    • #3
    • 12th Oct 16, 8:54 PM
    My Halifax Reward is currently £6.25/month, how do you get the £5 one?
    Originally posted by Dazed and confused
    By being a tax-payer.
    • Dazed and confused
    • By Dazed and confused 12th Oct 16, 9:04 PM
    • 1,386 Posts
    • 568 Thanks
    Dazed and confused
    • #4
    • 12th Oct 16, 9:04 PM
    • #4
    • 12th Oct 16, 9:04 PM
    That explains it
    • adonis10
    • By adonis10 13th Oct 16, 10:01 AM
    • 1,313 Posts
    • 143 Thanks
    adonis10
    • #5
    • 13th Oct 16, 10:01 AM
    • #5
    • 13th Oct 16, 10:01 AM
    Slightly off topic but can the tax element of the reward be reclaimed? Halifax state that they have to pay 20% of it to HMRC therefore making the gross amount £6.25; surely the £1.25/month can be reclaimed if an individual's total savings interest is under 1k?
    • LuSiVe
    • By LuSiVe 13th Oct 16, 10:21 AM
    • 934 Posts
    • 1,047 Thanks
    LuSiVe
    • #6
    • 13th Oct 16, 10:21 AM
    • #6
    • 13th Oct 16, 10:21 AM
    Slightly off topic but can the tax element of the reward be reclaimed? Halifax state that they have to pay 20% of it to HMRC therefore making the gross amount £6.25; surely the £1.25/month can be reclaimed if an individual's total savings interest is under 1k?
    Originally posted by adonis10
    This has been done to death. It's not savings interest.
    • MatthewAinsworth
    • By MatthewAinsworth 13th Oct 16, 10:21 AM
    • 2,622 Posts
    • 1,042 Thanks
    MatthewAinsworth
    • #7
    • 13th Oct 16, 10:21 AM
    • #7
    • 13th Oct 16, 10:21 AM
    I wonder how much in shares you'd need in Lloyd's for this to be a good thing? I don't know how much divided will improve by
    • adonis10
    • By adonis10 13th Oct 16, 10:29 AM
    • 1,313 Posts
    • 143 Thanks
    adonis10
    • #8
    • 13th Oct 16, 10:29 AM
    • #8
    • 13th Oct 16, 10:29 AM
    This has been done to death. It's not savings interest.
    Originally posted by LuSiVe
    Ok .
    • elektra
    • By elektra 13th Oct 16, 2:26 PM
    • 1,323 Posts
    • 806 Thanks
    elektra
    • #9
    • 13th Oct 16, 2:26 PM
    • #9
    • 13th Oct 16, 2:26 PM
    Slightly off topic but can the tax element of the reward be reclaimed? Halifax state that they have to pay 20% of it to HMRC therefore making the gross amount £6.25; surely the £1.25/month can be reclaimed if an individual's total savings interest is under 1k?
    Originally posted by adonis10
    I have reclaimed it a few times in the past if I was putting in an R40 for other tax reclaims but I haven't bothered in years when Halifax was the only amount to reclaim.
    • Maximum Saving
    • By Maximum Saving 14th Oct 16, 9:40 AM
    • 169 Posts
    • 325 Thanks
    Maximum Saving
    I am a carer so therefore I am not a taxpayer. I will try to get a R40 for a claim. I am very upset that the £5 will go to £3.
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