What Is Cashback?
When shopping with a selected merchant, TopCashback give you back a percentage of your spend once your purchase is confirmed.
What are cashback websites and how do they work?
Cashback sites receive a commission from the merchant for directing you to their website. Most cashback sites give just a portion of this back to you, but as the most generous cashback site in the UK, TopCashback give you up to 105% of what retailers pay. The extra 1-5% comes from advertising revenue and other services on their website, making TopCashback the highest paying cashback site in the UK.
How to save money online
When you shop online, simply sign in to your TopCashback account first. Then click through to the store you want to shop. By doing this, you will earn cashback on every purchase you make – whether you are booking a holiday, flights or train tickets, buying your groceries, taking out car insurance or choosing gifts for Christmas. It really is one of the best ways to save money at home!
When it comes to taking the cashback rewards you have earned from your account, TopCashback offers many payout methods, including some which will give you a bonus of up to 10%. So, if you have earned £100 in cashback, you could receive up to £110. As well as being able to have your cashback paid directly into your PayPal or bank account, you can choose to have it paid out in a wide range of retailer gift cards, including Argos, Amazon and Boots vouchers.
How to start earning today
Saving money is simple and can be done in just a few quick and easy steps;
- Join TopCashback now for free
- Search for the best deals and exclusive offers – including cashback, voucher codes and seasonal sales for your favourite merchants. – Browse retailers including Tesco, Argos, Sky Broadband and BT, as well as more than 4,000 others on site, click on specific categories of retailers using the navigation bar or visit our Offers Page for the day’s best cashback deals.
- Click the ‘Get Cashback’ button on a merchant page to be redirected to their website, where you simply make your purchase as normal.
- When money shows in your account, choose a payout method to receive the funds as a BACS transfer, a transfer to your PayPal account or any of 20+ gift cards. TopCashback pays you within seven days for most payout methods, but usually, it just takes a couple of working days.
Is Cashback Taxable?
HMRC have been quoted as calling it “nonsense” and saying “There was … no read-across to cashback”, in response to whether loyalty schemes and cashback earnings are taxable (The Telegraph: Will I have to pay tax on credit card cashback). Your earnings are counted as a discount from the retailer and thus, it should not need to be declared as income. However we would always suggest to obtain up to date legal advice for your own safety.