Rates Installment Payments

Kim_Possible

Apologies in advance for a question that may seem obvious to others however I'm a first time rates payer!
Q- it says installments payments are an option, "to a maximum of 10 months" does this mean I have the option to decide the number of installments per year ie 2 or 4 etc?
Thanks in advance

RealEric

No option like that. If you switch to instalment now, for example, you'll get 10 instalments - April to January. If you switch in early July for example, you'd get 7 instalments (July to January). There is a discount available if you pay in full - for a standard ratepayer that's 4% if you pay within 30 days.

Old_Git

Kim_Possible wrote: »

Apologies in advance for a question that may seem obvious to others however I'm a first time rates payer!
Q- it says installments payments are an option, "to a maximum of 10 months" does this mean I have the option to decide the number of installments per year ie 2 or 4 etc?
Thanks in advance

if you set up a direct debit the usual options are
1 pay the whole bill in one payment (4% discount)
2 pay over 10 months .
If you dont set up a direct debit you have other options
http://www.nidirect.gov.uk/how-you-can-pay-your-rate-bill

You can pay online ,by telephone,at the post office or pay point outlet .Any of these options will give you the choice of how much you pay and when ,weekly ,monthly or whatever .

Kim_Possible

RealEric wrote: »

If you switch in early July for example, you'd get 7 instalments (July to January).

Thanks for both replies.
...switching in July. What would happen between April and July for example?

saverbuyer

Remember the cash back available on the 123 account with Santander.

dzug1

Kim_Possible wrote: »

Thanks for both replies.
...switching in July. What would happen between April and July for example?

The amount due would be divided up between the number of months left to pay in

mezza101

Kim_Possible wrote: »

Thanks for both replies.
...switching in July. What would happen between April and July for example?

im sure you will get reminders and i assume by july it would be a final reminder :eek:

Kim_Possible

mezza101 wrote: »

im sure you will get reminders and i assume by july it would be a final reminder :eek:

Oh silly innocent me! I didn't even consider that scenario! Thanks