By Mantasha - May 29, 2025
Nash reveals Combs introduced Ventura to Michael B. Jordan, fostering a relationship. Witnesses share working experiences with Combs. Nationwide offers £100 payment to qualifying members by July 2025. Nationwide reports record pre-tax profit in March 2025. The £100 payment is considered interest for UK tax purposes. Eligible members will be notified by May 30, 2025.
Nationwide via The Columbus Dispatch
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Nash further revealed that Combs introduced Ventura to actor Michael B. Jordan during a period of deteriorating relations, leading to a subsequent relationship between Ventura and Jordan. Another witness, testifying under the pseudonym "Mia," described her experiences working for Combs from 2009 to 2018. To qualify for the £100 payment, members must have met the following conditions as of 31 March 2025: current account: hold an open Nationwide current account, savings or mortgage: maintain at least £100 in a Nationwide savings account or owe at least £100 on a Nationwide mortgage, account activity: demonstrate account usage between January and March 2025. Specific requirements may vary depending on the type of current account held.
Eligible members will receive the £100 payment directly into their Nationwide current accounts between 18 June and 4 July 2025. The transaction will appear as "Nationwide Fairer Share Payment." Nationwide reported a record pre-tax profit of £2.3 billion for the fiscal year ending March 2025, an increase from under £1.8 billion the previous year.
This growth was bolstered by the £2.9 billion acquisition of Virgin Money and a surge in mortgage lending. In addition to the Fairer Share payment, Nationwide has introduced: Member Exclusive Bond: An 18-month fixed-rate savings bond offering 5% AER/gross per annum on balances up to £10,000, Member Exclusive Bond:
The £100 payment is considered interest for UK income tax purposes and will be reported to HM Revenue & Customs (HMRC). While Nationwide will not deduct tax at source, members may need to declare this income depending on their personal savings allowance and tax bracket. Nationwide will notify eligible members via email or letter by 30 May 2025. Members can also check their eligibility through Nationwide's online banking platform or customer service channels. This continued distribution underscores Nationwide's dedication to its mutual status, ensuring that profits are reinvested into member benefits and services.