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  • FIRST POST
    • greengrass29
    • By greengrass29 11th May 18, 5:39 PM
    • 1Posts
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    greengrass29
    bank monthly loyalty payment
    • #1
    • 11th May 18, 5:39 PM
    bank monthly loyalty payment 11th May 18 at 5:39 PM
    Does anyone know if the bank payment that is given to a current account monthly provided you pay in a set sum each month and have direct debits taken (ie. Halifax 3 per month) is this taxable as an interest payment - or non taxable as a gift from the Bank?
Page 1
    • Linda32
    • By Linda32 11th May 18, 7:31 PM
    • 4,197 Posts
    • 9,268 Thanks
    Linda32
    • #2
    • 11th May 18, 7:31 PM
    • #2
    • 11th May 18, 7:31 PM
    Hi,

    I had a quick google and found this

    https://www.gov.uk/apply-tax-free-interest-on-savings

    I think it is what you need, but there is a savings and investment board who might be able to offer more information.

    HTH
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