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Halifax Childrens Regular Saver 10% Tax deducted!
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With Halifax - the R85 will only result in the tax being grossed back for any Interest paid since 6th Apr 2008. The R85 is simply a declaration that the account beneficiary is not liable for tax - and yes, you do need to fill one in to ensure interest is paid gross. Few accounts - even those dedicated to children, make the assumption that tax is not deductible from the interest.
For earlier years - you need to reclaim the tax (R40) direct from HMRC.If you want to test the depth of the water .........don't use both feet !0
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