Halifax Scrapping £5/Cinema ticket Rewards.

wmb194

BlueonBlue said:

It lasted around 15 years which in banking terms is a long time as moving the goal posts is std banking practice .
The fiver did drop to three quid then two quid for awhile before going back up to five quid .
That got rid of a few .

In the early days it was £6.25 gross paid as £5.00 net of 20% tax.

Barney1954

When did it change?

WillPS

Barney1954 said:

When did it change?

It still is if you take the '£5 for saving £5000' option (which is a poor choice!).

All rewards were paid such that a basic rate tax payer received the headline amount until spring 2020. The new '£5 for spending £500' reward was paid as is on the grounds that it is cashback, and so not taxable.

BlueonBlue

Yea but all we got was a fiver times multiple accounts ,account opening incentives and a fiver on the clarity card if you spent £300 a month.
You could get compo if they messed up too which was often better than jumping thru all the hoops but was never monthly in my case.

Claiming the 20% depended on varibles.....
I dont think that many bothered but some would have as a thread existed on it .

masonic

I don't think it's been mentioned yet, but those of us who renewed our July-expiring rewards just before the window closed seem to have got another years worth. Mine has updated from saying it expired 31st July 2025 to 31st July 2026. Sadly my other two were opened later in the year, but one out of three isn't bad.

Section62

masonic said:

I don't think it's been mentioned yet, but those of us who renewed our July-expiring rewards just before the window closed seem to have got another years worth. Mine has updated from saying it expired 31st July 2025 to 31st July 2026. Sadly my other two were opened later in the year, but one out of three isn't bad.

Yes, it looks like those that got in before the deadline can look forward to a bonus in October.

https://forums.moneysavingexpert.com/discussion/comment/81520974/#Comment_81520974

surreysaver

masonic said:

I don't think it's been mentioned yet, but those of us who renewed our July-expiring rewards just before the window closed seem to have got another years worth. Mine has updated from saying it expired 31st July 2025 to 31st July 2026. Sadly my other two were opened later in the year, but one out of three isn't bad.

You'll get a lump sum in October to take you up to when your rewards expire 

Aidanmc

surreysaver said:

masonic said:

I don't think it's been mentioned yet, but those of us who renewed our July-expiring rewards just before the window closed seem to have got another years worth. Mine has updated from saying it expired 31st July 2025 to 31st July 2026. Sadly my other two were opened later in the year, but one out of three isn't bad.

You'll get a lump sum in October to take you up to when your rewards expire 

Only discovered this news!

My 3 accounts expire 30 Nov 25, 30 April 26 and 31 May 26

Section62

Aidanmc said:

surreysaver said:

masonic said:

I don't think it's been mentioned yet, but those of us who renewed our July-expiring rewards just before the window closed seem to have got another years worth. Mine has updated from saying it expired 31st July 2025 to 31st July 2026. Sadly my other two were opened later in the year, but one out of three isn't bad.

You'll get a lump sum in October to take you up to when your rewards expire 

Only discovered this news!

My 3 accounts expire 30 Nov 25, 30 April 26 and 31 May 26

You could be the winner in October then.

35har1old

WillPS said:

Barney1954 said:

When did it change?

It still is if you take the '£5 for saving £5000' option (which is a poor choice!).

All rewards were paid such that a basic rate tax payer received the headline amount until spring 2020. The new '£5 for spending £500' reward was paid as is on the grounds that it is cashback, and so 

It's coming into line with the club Lloyds except the refundable fee is £3 and the pay in is £1500 more like the older terms of Lloyd's
Perphaps they will offer a club regular saver 6.25%