Supplementary Budget Update - April 2009

As a result of the Supplementary Budget announced by the Government on 7th April 2009, TRS will now only be available for the first seven tax years from the date on which a mortgage is taken out. Therefore if you have been in receipt of TRS on your account for more than seven years, you will no longer be eligible for TRS with effect from 1st May 2009.

Ulster Bank receive instructions from the Revenue on which TRS bracket applies to you and your mortgage and we apply TRS to your account accordingly. If you have a query or issue with your TRS allowance, please contact Revenue on low call 1890 46 36 26.

If you are an Ulster Bank customer affected by the above change you will receive correspondence from us in the coming weeks to inform you of how we intend to ensure that, by the end of 2009, you will have received your correct Mortgage Tax Relief at Source (TRS) entitlement for the year.