Halifax £5

guitarman001

I have a Halifax current account which I switch money in and out of in order to get the £5 bonus. What time of month does the £5 get put into the account - is it a standard day (same for everybody) or linked to when you opened the account?

Thanks!

skitskut

It gets paid on the first business day of each month. So it'll be 2nd July this month but it may not show up online until the next day.

MoneySaverLog

I say it will start to show from the 3rd this month.

guitarman001

Guys - thanks for your help - appreciated!

opinions4u

Lining it up with your other post, the amount paid is actually £6.25 but 20% tax has been deducted.

A 40% tax payer has a further £1.25 tax liability to settle as well.

Gromitt

and of course, if you don't pay tax, you can get the full £6.25 per month

anamenottaken

Gromitt wrote: »

and of course, if you don't pay tax, you can get the full £6.25 per month

Not actually receive the extra £1.25 each month. Halifax pay nett for this and you must reclaim through HMRC if appropriate.

McKneff

anamenottaken wrote: »

Not actually receive the extra £1.25 each month. Halifax pay nett for this and you must reclaim through HMRC if appropriate.

Correct, Ive just checked this with Halifax. Ive just become a non taxpayer so will be writing for a refund after April next year.