Can interest be paid gross?
Everyone has a personal tax allowance and if your income each year does not exceed this allowance you may be eligible for interest to be paid without tax deducted. If this is the case, you should ask for an R85 form when you open the account. Where the account is in joint names, both investors need to have completed R85 forms for all the interest to be paid without tax deducted. How to open an account Opening an account couldnt be easier. Simply click here for an application form. Complete the form and take it along to any Scottish Building Society branch or local office. Alternatively, you can send your completed application form, together with your initial deposit, to us at the following address: FREEPOST RLYC-AAGE-YURH Scottish Building Society SBS House, 193 Dalry Road Edinburgh EH11 2EF (No stamp required). We will then forward your passbook. To comply with legislation, we will need to verify your identity and address. Further information is available is available by following the
