Missed Nationwide payout off tax return

RacingDriver

caper7 said:

What about that £50 thank you, does that also need to be declared as income?
Had completely forgotten about it till I saw this thread, luckily I haven't done my return yet.

Yes

If you are an investing member, or both an investing member and a borrowing member, when we make the payment, it is treated as interest for UK income tax purposes.

If you are only a borrowing member when we make the payment, we are taking steps to confirm how it is treated for UK income tax purposes, and you may be liable for tax.

https://www.nationwide.co.uk/about-us/the-big-nationwide-thank-you/terms/#8-how-is-the-payment-treated-for-uk-tax-purposes

RSD7a

Lagrange said:

Just noticed this thread. 
Did you receive £200 for 2024/25 from Nationwide as I understand the Fairer share payment was actually £100 ? If your account was a joint account then each member would be entitled to £100. If that applies in your case you only need to declare your £100 and you could revise your Tax Return again to reflect this. 

I think I split the £200 across two tax returns due to joint a/c. Can't honestly remember now. I'll check! Thanks

RSD7a

caper7 said:

What about that £50 thank you, does that also need to be declared as income?
Had completely forgotten about it till I saw this thread, luckily I haven't done my return yet.

Oh no! I'm sure it wasn't on the interest summary provided by Nationwide. I think the other payment was. But my memory isn't what it used to be

mfn123

 A bit late to the thread, but I was also worried I'd missed the £50 Virgin takeover bonus (having already submitted my 24/25 return a while back).
Went back and checked. The £50 didn't arrive in our account until 10/4/25 (i.e. 25/26 tax year), so we're ok (i think).
Just thought I'd mention it in case others also got theirs after 6/4/25 and just need to remember it for next year