Claim a refund of Income Tax deducted from savings and investments (R40)
If you do not complete a Self Assessment tax return, use form R40 to claim for a repayment of tax on your savings and investments.
You should use the form R40 to claim a repayment if either your:
- gross investment interest or share of gross property income is £10,000 or less
- net land and property income is £2,500 or less
- foreign dividends are £2,000 or less
Do not submit form R40 if you’re registered for Self Assessment or meet any of the Self Assessment criteria. You must complete a tax return.
If you (or the person you’re claiming for) live outside of the UK, you can claim personal allowances and tax refunds if you live abroad.
Payment Protection Insurance (PPI) claims
If you’d like to claim tax back on interest paid on a PPI claim, you need to send us a document which shows details of your PPI claim, including the:
- gross interest
- tax deducted from interest
- net interest
This document can be either:
- the final response letter from the company that made payment to you
- a certificate from the company that refunded you, to confirm the amount of tax deducted from the refund
If you do not have either of these, you can request them from the company that refunded you.
If your claim is for any other type of repayment, do not send us any personal records, tax certificates or vouchers with your form. We’ll contact you if we need these.
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.
To submit an application on behalf of someone else, you must use the postal form. If you are applying on behalf of a child, you need to include their residential address on the form.
Make sure you have details of your income, for example:
- letters from Department for Work and Pensions (DWP) for state benefits — if paid
- Employment Support Allowance or State Pension, payments are made every 4 weeks, not monthly
- bank and building society statements (for interest received on savings)
- dividend vouchers
- income statements from trusts and estates
- P60 and P45 from a pension payer or employer
To use the online service, you need a Government Gateway user ID and password. If you do not have a user ID, you can create one when you make your claim.
Make your claim
Get all of your information together before you start.
If you’re claiming on behalf of someone else
If you’re making a claim for someone else and want the repayment to be paid to you, find out how to receive Income Tax or Pay As You Earn (PAYE) repayments on behalf of others.
Updates to this page
Last updated 17 September 2024 + show all updates
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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.