TRS Change - which banks haven't implemented yet?

R

rmelly

Guest
Does anyone know which banks have not yet implemented the new TRS rates fully, as per: [broken link removed]

In particular have PTSB?
 
sorry i misread the question and thought you were talking about the ECB rate. I think TRS extimates are given at the start of the year
 
I contacted ICS and they told me the its the revenue I have to call, ICS say the revenue have me at 15% even though I'm a FTB less than 2 years into my mortgage!
 
Just called Revenue, the changes will be implemented next month (ICS motgage), if not call them. I will be surprised if I'm not calling them again..
 
whats the point in calling them all the time,
will they not send you a letter when they fix the trs problem.
when you get that letter you will know the trs is fixed, until then its not fixed, simple and less stress.
 
NorfBank said:
Just called Revenue, the changes will be implemented next month (ICS motgage), if not call them. I will be surprised if I'm not calling them again..
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they told me they had already transmitted the rates to ICS and were surprised they had not been applied yet.
Also even though I got my mortgage mid 07 they consider me to be in year 3. :mad:
 
AndyDub said:
they told me they had already transmitted the rates to ICS and were surprised they had not been applied yet.
Also even though I got my mortgage mid 07 they consider me to be in year 3. :mad:
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for you 07 is year 1
08 is year 2
09 is year 3

even if you only got trs in dec 07 its still classed as year 1.
as regards
the trs not being applied correctly,
the revenue are sending the correct figures for the new rates to be applied, its just the systems of the banks cannot understand them correctly so they are still giving the rates as of 2008,
the revenue have a list of banks that have not applied the correct rates yet, and your bank will be able to advise you when they think they will have a fix in place.
 
I'm in 2nd year of TRS. I received full TRS, at the new rate in my payment February 1st.
 
Just got a letter from PTSB yesterday stating the new TRS change had now been implemented and quoting new mortgage amount - I am assuming that will be back paid??
 
the underpayment for january should be included in the remaining 11 months trs payment.
 
I'm in the first 5 months of my 1st year as a FTB. Am with PTSB. My mortgage payment happened today, and the new amount was deducted from my bank account. However, they haven't done or said anything to me about the excess TRS I am owed from January. Anyone in the same position?
 
armelodie said:
I'm in the first 5 months of my 1st year as a FTB. Am with PTSB. My mortgage payment happened today, and the new amount was deducted from my bank account. However, they haven't done or said anything to me about the excess TRS I am owed from January. Anyone in the same position?
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if your in month 5 your actually in year 2 of the trs system.
trs years end at the end of the tax year, so year 2 started for you on jan 1st.
usually the excess will be spread out over the remaining months in the year.
so you got the old rate in jan, and from feb you get the new correct rate,a dn the shortfall for jan will be in the feb to dec trs payments.
 
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