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Halifax Reward £5.00 a month
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Maximum_Saving
Posts: 183 Forumite
Hello. I have a Halifax Reward Account . I began it in December 2014 and got an incentive payment of £100 on 12th December 2014. Since January 2014 I have been getting a £5.00 reward each month. I am a carer and don't pay tax. I think my reward should be £6.25 month. I also think I could claim the £1.25 a month back. What do you think? I am trying to pay off my mortgage and so every penny matters to me.
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HRMC form R400
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Soon to be £3 per month. Query whether it's worth it.0
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Maximum_Saving wrote: »Hello. I have a Halifax Reward Account . I began it in December 2014 and got an incentive payment of £100 on 12th December 2014. Since January 2014 I have been getting a £5.00 reward each month. I am a carer and don't pay tax. I think my reward should be £6.25 month. I also think I could claim the £1.25 a month back. What do you think? I am trying to pay off my mortgage and so every penny matters to me.
Fill in R40 form and put the interest taken in the any other income and benefits 7.4 and 7.5 and write reward payment in 7.6, I also include the tax certificate sent with the reward account statements each april, not that you need too, but it shows how much has been taken.
I have claimed this for the last few years on all three of my reward accounts, and I will continue to do so when it goes down to £3, which will be £4.25.
Some say they wont bother, but its the cost of an envelope and few bits of ink printing the forms out (although I do it at work and use their ink and stamps)
Westie983I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
Is there a set date on which the £5 is paid into the account or does it vary month by month?0
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