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Notice of Change to Terms and Conditions - Personal Savings Allowance Changes (PSA) from 6th of April 2016

Meeting - Changes to Terms and conditions - SantanderCB

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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