Nationwide fair share classed as interest

sammy_zammy

https://forums.moneysavingexpert.com/discussion/comment/81956868#Comment_81956868

Only situation I could see this being useful would be to avoid entering the higher tax bracket, at which point the personal savings allowance drops to £500…

(which naturally saves you £100 of tax, equal to the Nationwide fairer share payment!)

badger09

https://forums.moneysavingexpert.com/discussion/comment/81956868#Comment_81956868

Did you miss @masonic post?

aroominyork

Rats… I don't usually miss the joke. Got to up my game.

HedgehogRulez

oh dear. Yes indeed, always the joker….

artyboy

https://forums.moneysavingexpert.com/discussion/comment/81956736#Comment_81956736

if you're giving it to charity, then you could always donate £80, which they can claim gift aid on to take it up to £100. And you could still then reclaim £25 in tax through SA.

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/comment/81956876#Comment_81956876

I get it was a joke but in all seriousness for some older Nationwide customers this could be the thing that moves their income from below the Winter Fuel tax charge threshold to above it.

So there could be someone who gets £100 and as a result has to pay £305.10, back to HMRC 😢

friolento

https://forums.moneysavingexpert.com/discussion/comment/81956576#Comment_81956576

How much of your personal savings allowance are you using?

friolento

Looking at some other posts by @HedgehogRulez, for example this one, I wonder whether they are jesting?

Section62

https://forums.moneysavingexpert.com/discussion/comment/81957125#Comment_81957125

This one, a few posts before yours on this page, would answer that question….

https://forums.moneysavingexpert.com/discussion/comment/81956905/#Comment_81956905

badger09

https://forums.moneysavingexpert.com/discussion/comment/81957125#Comment_81957125

Did you miss their post @ 12.24?

@Dazed_and_C0nfused raises a valid point though.