New Posts For Thread: gross or net rates on investments???https://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investmentshaving been full time on here for many yrs, i was just wondering if anyone could tell me when investingmoney in say 1 or 2 yr fixed bonds for example, should i be getting/claiming the gross rate as opposed to the net ratebeing in theory a non tax payIve been paying NI which I know is probably pointless. Revenue phoned me up and told me I should get the form and get paid gross and only contact them should I go above the threshold or make capital gains.Only hassle is that my bank told me I need tohttps://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505788311#505788311Ive been paying NI which I know is probably pointless. Revenue phoned me up and told me I should get the form and get paid gross and only contact them should I go above the threshold or make capital gains.Only hassle is that my bank told me I need toThu, 25 Aug 2011 14:28:01 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505787113#505787113Thu, 25 Aug 2011 13:59:46 -0500I've got almost all my money in the one place now,Good man Feck. The liquidity on purple has gone ballistic since you made that welcome move.https://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505785249#505785249I've got almost all my money in the one place now,Good man Feck. The liquidity on purple has gone ballistic since you made that welcome move.Thu, 25 Aug 2011 13:24:14 -0500Lloyds/TSB often have the bonus rate on the same name account (e.g. easy saver) such that if you try to open a new easy saver account it tells you you already have one. You have to close that one first before you can open the other one but it won't lhttps://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505772303#505772303Lloyds/TSB often have the bonus rate on the same name account (e.g. easy saver) such that if you try to open a new easy saver account it tells you you already have one. You have to close that one first before you can open the other one but it won't lThu, 25 Aug 2011 09:01:25 -0500I couldn't be bothered continually opening and closing bank accounts to get bonus rates especially as changing within a bank required a visit to the bankI've opened around 10 up online with no need to visit the banks. I agree though it is annoying whhttps://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505769999#505769999I couldn't be bothered continually opening and closing bank accounts to get bonus rates especially as changing within a bank required a visit to the bankI've opened around 10 up online with no need to visit the banks. I agree though it is annoying whThu, 25 Aug 2011 08:05:36 -0500Delta, I couldn't be bothered continually opening and closing bank accounts to get bonus rates especially as changing within a bank required a visit to the bank. Without those bonus rates the banks are worse than NS&I. Regardless of that, I'd ratherhttps://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505769005#505769005Delta, I couldn't be bothered continually opening and closing bank accounts to get bonus rates especially as changing within a bank required a visit to the bank. Without those bonus rates the banks are worse than NS&I. Regardless of that, I'd ratherThu, 25 Aug 2011 07:37:16 -0500NS&I interest rates are sh1thttps://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505767121#505767121NS&I interest rates are sh1tThu, 25 Aug 2011 06:35:00 -0500I was in the same position up until last year when I transferred my savings to a NS&I account which didn't deduct the tax at source. Previously I just donated money to charity and let them claim the overpaid tax in gift aid. I now have to fill in anhttps://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505763889#505763889I was in the same position up until last year when I transferred my savings to a NS&I account which didn't deduct the tax at source. Previously I just donated money to charity and let them claim the overpaid tax in gift aid. I now have to fill in anThu, 25 Aug 2011 04:33:41 -0500Complete a Form R85 (google for details) - providing your total taxable income from all sources is below £7475 you can be paid gross.If the bank does deduct tax - Complete a Form R40 at the end of the tax year and reclaim the tax paid.https://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505763497#505763497Complete a Form R85 (google for details) - providing your total taxable income from all sources is below £7475 you can be paid gross.If the bank does deduct tax - Complete a Form R40 at the end of the tax year and reclaim the tax paid.Thu, 25 Aug 2011 04:13:00 -0500If you've had tax deducted at source on any interest payments/gains, I assume you can claim back the tax paid on the first £6475, which is your personal allowance, assuming no other taxable income.https://community.betfair.com/general_betting/go/thread/view/94082/28226667/gross-or-net-rates-on-investments?post_id=505745185#505745185If you've had tax deducted at source on any interest payments/gains, I assume you can claim back the tax paid on the first £6475, which is your personal allowance, assuming no other taxable income.Wed, 24 Aug 2011 15:55:23 -0500