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  • FIRST POST
    • where are we
    • By where are we 11th Jan 18, 10:13 AM
    • 178Posts
    • 50Thanks
    where are we
    Do switching bonus`s count towards your personal saving allowance
    • #1
    • 11th Jan 18, 10:13 AM
    Do switching bonus`s count towards your personal saving allowance 11th Jan 18 at 10:13 AM
    I assume payments like the £250 switching bonus (for a switch to a B current account) do not count as interest payments. Previous threads on this subject concur it is not an interest payment. Therefore it does not count towards the £1000 tax free personal savings allowance and is not included in tax returns. Am I correct?
Page 1
    • PeacefulWaters
    • By PeacefulWaters 11th Jan 18, 11:00 AM
    • 7,525 Posts
    • 9,405 Thanks
    PeacefulWaters
    • #2
    • 11th Jan 18, 11:00 AM
    • #2
    • 11th Jan 18, 11:00 AM
    You are correct.
    • where are we
    • By where are we 11th Jan 18, 12:35 PM
    • 178 Posts
    • 50 Thanks
    where are we
    • #3
    • 11th Jan 18, 12:35 PM
    • #3
    • 11th Jan 18, 12:35 PM
    Thanks - at least one less thing to complete a tax return!
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