Top cashback & bank referral bonus exceed £1000

May I know if I receive the top cash back and some referral bonus ; welcome bonus from banks which the total amount exceeds £1000 in this taxable year, do I need to include those cash back ; bonus to income into self assessment form? Thank you

Hi,

The cashbacks are not taxable as you are receiving a discount for meeting certain obligations on the account. You can see information here:

SAIM8020 - Annual payments: meaning of annual payment

The referral bonus is taxable income and should be declared as other income on the tax return.

Thank you.