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R85 For Savings Account

Hey,

I have a Fixed Rate Monthly Saver with Santander, when I opened it the guy made me fill out an R85 for gross interest.

I opened one of their Instant Access Accounts online a a month ago, I saw that they had deducted tax, so do I have to fill out another form for this account? Also can they give me the tax deduction back?

Thanks.

Comments

  • atypical
    atypical Posts: 1,344 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You need to complete an R85 form for every account you open. Your bank may refund the tax deduction if you contact them soon enough and provide an R85. If not you can complete an R40 form.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It is your responsibility to inform the bank/ financial institution of your tax status.

    If you do not and you are taxed, it is your responsibility to claim the tax back from HMRC.
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