Bank Interest- RWT and implications

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You will get the excess RWT (45% less 28%) back as a refund or credit against other incomes in any case.

Happened to me recently and it’s annoying as I had to go into the bank branch to sort it out.

Thanks Balance, I know I will get the difference back. There is no worry about that. I was just wondering if banks had a different regime to listed companies but it seems not.

Now that interest rates are relevant again and provide material benefits, its good to keep up with the play.

I have many younger relatives with large "cash" balances and not understanding what they are missing out on.