Non-taxpayer ISA question

Mikeyorks

DragonQ wrote: »

- you just tell them when opening the account that you don't pay tax and that's it.

Which is an R85 equivalent (just as paper DD Mandates have virtually disappeared)? Any Bank doing it that way are required to write to you and tell you what you've signed up to ..... in R85 'speak'.

And - yes - Lloyds are a pain. I sent them an R85 for my wife's account and they clearly just binned it. I eventually had to take one in to a Branch - and then keep ringing them until it was eventually applied.

DragonQ

Mikeyorks wrote: »

Which is an R85 equivalent (just as paper DD Mandates have virtually disappeared)? Any Bank doing it that way are required to write to you and tell you what you've signed up to ..... in R85 'speak'.

Sure, what I mean is why require a signature and physical form when it's clearly not necessary?

Mikeyorks wrote: »

And - yes - Lloyds are a pain. I sent them an R85 for my wife's account and they clearly just binned it. I eventually had to take one in to a Branch - and then keep ringing them until it was eventually applied.

The most annoying thing is that because it was annual interest, I only noticed they hadn't registered the account for gross interest once it was too late. I had to fill out an R40 just to claim back ~£15, which is ridiculous.

lisyloo

Sure, what I mean is why require a signature and physical form when it's clearly not necessary?

That's simply just a case of the banks spending money on the IT infrastructure.
I can't answer why - except budget, priorities.
Maybe it's not top priority for their IT spending.