Notice of Change to Terms and Conditions - Personal Savings Allowance Changes (PSA) from 6th of April 2016
From 6 April 2016 banks and building societies will no longer automatically deduct 20% in tax from the credit interest that you receive.
To support this change we are making some changes to the following Terms & Conditions:
- Corporate Accounts Santander UK Platform – applicable to Santander Corporate & Commercial Accounts
- Corporate Deposits Terms and Conditions – applicable to closed to sale Santander Corporate & Commercial Deposit Accounts
We are making these changes as result of legislative changes required by HM Revenue & Customs (HMRC) relating to Personal Savings Allowance (PSA).
You can review in details all the changes by clicking here.
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