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Co-op Bank reducing its Everyday rewards payment

Comments

sabretoothtigger Posts: 10,036 Forumite

27 April 2021 at 3:26PM

Does anyone know if this rewards payment is tax reclaimable in retrospect like Halifax is

0
AlwaysLearnin Posts: 908 Forumite

27 April 2021 at 5:06PM edited 27 April 2021 at 5:06PM

sabretoothtigger said:

Does anyone know if this rewards payment is tax reclaimable in retrospect like Halifax is

Looks like it is

https://www.co-operativebank.co.uk/help-and-support/faqs/accounts/current-account/everyday-rewards/are-everyday-rewards-payments-subject-to-tax/PROD-3954

1
ZeroSum Posts: 1,222 Forumite

28 April 2021 at 12:43PM

sabretoothtigger said:

Does anyone know if this rewards payment is tax reclaimable in retrospect like Halifax is

The £2 soon to be £1 is a reward net of tax so will be.

The 5p's soon to be 2p's are cashback & not taxable, so no on these.

1

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