Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Maximum Saving
    • By Maximum Saving 12th Oct 16, 6:18 PM
    • 182Posts
    • 333Thanks
    Maximum Saving
    Halifax Reward going down
    • #1
    • 12th Oct 16, 6:18 PM
    Halifax Reward going down 12th Oct 16 at 6:18 PM
    Today I read that it will pay 3.00 instead the 5.00 a month. It needs 750 a month and 2 direct debits.
Page 1
    • Dazed and confused
    • By Dazed and confused 12th Oct 16, 8:44 PM
    • 2,554 Posts
    • 1,226 Thanks
    Dazed and confused
    • #2
    • 12th Oct 16, 8:44 PM
    • #2
    • 12th Oct 16, 8:44 PM
    My Halifax Reward is currently 6.25/month, how do you get the 5 one?
    • YorkshireBoy
    • By YorkshireBoy 12th Oct 16, 8:54 PM
    • 30,147 Posts
    • 17,998 Thanks
    YorkshireBoy
    • #3
    • 12th Oct 16, 8:54 PM
    • #3
    • 12th Oct 16, 8:54 PM
    My Halifax Reward is currently 6.25/month, how do you get the 5 one?
    Originally posted by Dazed and confused
    By being a tax-payer.
    • Dazed and confused
    • By Dazed and confused 12th Oct 16, 9:04 PM
    • 2,554 Posts
    • 1,226 Thanks
    Dazed and confused
    • #4
    • 12th Oct 16, 9:04 PM
    • #4
    • 12th Oct 16, 9:04 PM
    That explains it
    • adonis10
    • By adonis10 13th Oct 16, 10:01 AM
    • 1,550 Posts
    • 201 Thanks
    adonis10
    • #5
    • 13th Oct 16, 10:01 AM
    • #5
    • 13th Oct 16, 10:01 AM
    Slightly off topic but can the tax element of the reward be reclaimed? Halifax state that they have to pay 20% of it to HMRC therefore making the gross amount 6.25; surely the 1.25/month can be reclaimed if an individual's total savings interest is under 1k?
    • LuSiVe
    • By LuSiVe 13th Oct 16, 10:21 AM
    • 832 Posts
    • 1,113 Thanks
    LuSiVe
    • #6
    • 13th Oct 16, 10:21 AM
    • #6
    • 13th Oct 16, 10:21 AM
    Slightly off topic but can the tax element of the reward be reclaimed? Halifax state that they have to pay 20% of it to HMRC therefore making the gross amount 6.25; surely the 1.25/month can be reclaimed if an individual's total savings interest is under 1k?
    Originally posted by adonis10
    This has been done to death. It's not savings interest.
    • MatthewAinsworth
    • By MatthewAinsworth 13th Oct 16, 10:21 AM
    • 3,053 Posts
    • 1,199 Thanks
    MatthewAinsworth
    • #7
    • 13th Oct 16, 10:21 AM
    • #7
    • 13th Oct 16, 10:21 AM
    I wonder how much in shares you'd need in Lloyd's for this to be a good thing? I don't know how much divided will improve by
    • adonis10
    • By adonis10 13th Oct 16, 10:29 AM
    • 1,550 Posts
    • 201 Thanks
    adonis10
    • #8
    • 13th Oct 16, 10:29 AM
    • #8
    • 13th Oct 16, 10:29 AM
    This has been done to death. It's not savings interest.
    Originally posted by LuSiVe
    Ok .
    • elektra
    • By elektra 13th Oct 16, 2:26 PM
    • 1,324 Posts
    • 808 Thanks
    elektra
    • #9
    • 13th Oct 16, 2:26 PM
    • #9
    • 13th Oct 16, 2:26 PM
    Slightly off topic but can the tax element of the reward be reclaimed? Halifax state that they have to pay 20% of it to HMRC therefore making the gross amount 6.25; surely the 1.25/month can be reclaimed if an individual's total savings interest is under 1k?
    Originally posted by adonis10
    I have reclaimed it a few times in the past if I was putting in an R40 for other tax reclaims but I haven't bothered in years when Halifax was the only amount to reclaim.
    • Maximum Saving
    • By Maximum Saving 14th Oct 16, 9:40 AM
    • 182 Posts
    • 333 Thanks
    Maximum Saving
    I am a carer so therefore I am not a taxpayer. I will try to get a R40 for a claim. I am very upset that the 5 will go to 3.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,939Posts Today

6,763Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin