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Do switching bonus`s count towards your personal saving allowance
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where_are_we
Posts: 1,222 Forumite
I assume payments like the £250 switching bonus (for a switch to a B current account) do not count as interest payments. Previous threads on this subject concur it is not an interest payment. Therefore it does not count towards the £1000 tax free personal savings allowance and is not included in tax returns. Am I correct?
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Comments
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You are correct.0
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Thanks - at least one less thing to complete a tax return!0
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