H-L Loyality Bonus

le_loup

Stompa wrote: »

You'd think that they would have informed customers of this change.

They did.
.......................

Stompa

le_loup wrote: »

They did.
.......................

Ah OK, if it was in Investment Times, then I will definitely have missed it.

le_loup

Yes AND in a letter, separately posted dated 8th April and sent to all three accounts to which I have access.

Stompa

le_loup wrote: »

Yes AND in a letter, separately posted dated 8th April and sent to all three accounts to which I have access.

If it had been a separate letter I would have seen it, so I can only conclude that it was never sent or got lost.

Newbie2saving

This was in today's email...

HMRC announcement changes loyalty bonus tax rulesNew HMRC (HM Revenue & Customs) rules mean since April 2013 loyalty bonuses have been paid net of basic rate tax on nominee accounts, such as our Fund & Share Account. Loyalty bonuses paid on ISA or SIPP investments are unaffected, as are those paid in the Fund & Share Account before 6 April 2013. Discounts on initial charges are also unaffected. We expect non-taxpayers will be able to reclaim the tax. Higher and additional rate taxpayers will have further tax to pay via their tax return. You will find more information in the Vantage Key Features. From April 2013 all ISA loyalty bonuses have been paid directly into the ISA, rather than a separate loyalty bonus account as before. This ensures they remain tax free and, being paid directly into the ISA, will not count towards your annual ISA allowance.