Claim a refund if you've paid tax on your savings and investments
If Income Tax has been deducted from your savings and investments, get a refund using form R40.
You can claim a tax refund using this form if your:
- gross income from savings and investments is £10,000 or less
- gross income from land and property is £10,000 or less
- net income from land and property is £2,500 or less
- income from foreign dividends is within this year’s dividend allowance
Do not use this form to claim back tax if:
- your income was higher than these limits or you’re registered for Self Assessment — you must complete a tax return
- you live outside of the UK — there’s a different form to claim personal allowances and tax refunds if you live abroad
Before you start
You can make a claim for the current tax year and the previous 4 years. You need to submit a separate application for each tax year.
You’ll need to give details of your income from:
- employment, pensions and state benefits
- interest and dividends
- trusts, settlements and estates
- land and property
- foreign sources
To find this information, check:
- your P60 or P45
- bank and building society statements
- letters you’ve received from the Department for Work and Pensions
- income statements from trusts and estates
- dividend vouchers
Claiming a refund of tax deducted from interest
To get a refund of tax that was deducted from interest, you need to give evidence of the tax you’ve paid.
Send us a document from the company that paid you showing the:
- gross interest
- tax deducted from interest
- net interest
If you do not have this, you can request it from the company that paid you.
You must send the document by post, to:
Pay As You Earn
HM Revenue and Customs
BX9 1AS
United Kingdom
If your claim is for any other type of repayment, do not send us evidence. We’ll contact you if there is anything we need.
Claiming on behalf of someone else
You must apply by post to claim on someone else’s behalf. Start your claim online and you’ll get a link to the postal form.
Complete the form with their details and sign your own name in the declaration.
If you want the repayment to be paid to you, find out how to receive tax repayments on behalf of others.
Make your claim
Get all of your information together before you start.
After you apply
We’ll contact you once we’ve processed your claim — check when you can expect a reply.
We’ll let you know whether you’re entitled to a refund. If you are, we’ll tell you how it’ll be paid.
Updates to this page
Published 11 May 2023Last updated 19 February 2025 + show all updates
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Guidance for Payment Protection Insurance (PPI) claims has been removed, and replaced with guidance for claiming back tax deducted from interest.
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Interactive guidance has been added to replace the existing PDF version of the R40 form and the associated notes.
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The R40 notes have been updated.
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Information has been added to confirm the details that must be provided to claim tax back on interest paid on a Payment Protection Insurance (PPI) claim. An updated R40 form, and information on what to do when claiming on behalf of someone else from 30 April 2024 has been added.
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Added Welsh translation.
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Information about Payment Protection Insurance (PPI) claims has been added. HMRC will accept digital signatures on the R40 print and post form.
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We have updated the link to form R43.
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Added translation
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First published.