Tenancy Deposit Scheme (TDS) is a multi-award-winning, government-approved tenancy deposit protection service. We offer both insured and custodial deposit protection and provide fair adjudication for disputes relating to the deposits we protect. TDS Insured is the longest running insured deposit protection scheme in the UK.
TDS’ Insured Scheme Explained
TDS insured is completely free to join. You pay a small fee to protect each deposit, which means you can keep your deposit in your bank account for the duration of the tenancy, keeping the accrued interest.
At the end of the tenancy, you administer the repayment with the tenant. If the tenant disputes any deductions, we provide a free dispute resolution service.
Why Use TDS Insured
TDS Insured in the cheapest pay-as-you-go insured deposit protection scheme available in England and Wales*. It is also the longest running insured scheme in the UK*.
We are committed to providing excellent service. We answer calls and emails quicker than any other deposit protection scheme in England and Wales.
We are also the only not-for-profit scheme in England and Wales. Our surpluses are used to continue to improve our already multi-award-winning service.
How to Join TDS Insured
To join our insured scheme, simply follow the steps below:
- Create a free TDS account
- Register your deposit(s)
- Pay a small fee to protect your deposit(s)
It’s that easy.
FAQs
TDS' Insured Scheme Explained
TDS insured is completely free to join. You pay a small fee to protect each deposit, which means you can keep your deposit in your bank account for the duration of the tenancy, keeping the accrued interest. At the end of the tenancy, you administer the repayment with the tenant.
What is TDS in tenancy? ›
Tenancy Deposit Scheme - TDS.
How does a TDS dispute work? ›
The dispute resolution process is straightforward. Landlords submit their evidence in support of their claim and tenants provide their own evidence supporting their position in response. It's then sent to an independent, impartial adjudicator, who reviews the evidence and decides how the deposit will be repaid.
Does TDS favor tenants? ›
What does TDS do in the event of a rent arrears claim? Rental payments are a contractual obligation and will be detailed within your tenancy agreement. Unless you, as the tenant, can prove that the rent was paid on time and in line with the tenancy agreement, we will award the claim in the landlord's favour.
How does TDS work? ›
TDS is one kind of advance tax. It is tax that is to be deposited with the government periodically, and the deductor is responsible for making the deposit on time. For the deductee, the deducted TDS can be claimed in the form of a tax refund after they file their ITR.
How do I avoid TDS on fixed deposit? ›
According to the provisions of the Income Tax Act, to prevent TDS deduction on fixed deposits, individuals with a total income below the taxable limit can submit Form 15G (for those under 60 years) or Form 15H (for senior citizens aged 60 or older) to the bank.
How to win a TDS dispute? ›
YOU NEED TO SHOW CLEARLY TO THE ADJUDICATOR: • WHAT IS BEING CLAIMED FOR; • HOW MUCH IS BEING CLAIMED; • WHY YOU THINK YOU ARE ENTITLED TO BE PAID; • THAT THE AMOUNT YOU ARE CLAIMING IS JUSTIFIED AND REASONABLE.
How to claim back deposit from TDS? ›
Getting my deposit back – TDS Custodial
- Go to the deposit summary and click 'Request repayment of deposit. ...
- Tell us how much of the deposit each party should receive.
- We will notify the landlord/letting of your request and invite them to respond.
Having reviewed the case to confirm we are able to adjudicate, the dispute will be referred to an impartial adjudicator. Within 28 days they will examine all of the evidence to decide how the deposit should be apportioned and write a report explaining the reasons for their decision.
How to submit evidence to TDS? ›
To provide your evidence, access the relevant deposit under your TDS account. You'll be directed to the Deposit summary screen, as seen below. This page will show the details of the tenancy that you have provided, as well as the current stage that the case is in.
The Tenancy Deposit Scheme is a government-approved scheme for the protection of tenancy deposits; we offer both insured and custodial protection. We also provide fair adjudication for disputes that arise over the tenancy deposits that we protect.
How to write a deposit dispute? ›
Write to your landlord or agent
Say that you do not agree with their reasons for keeping the money. Keep copies of any emails or letters you send and the replies. Get proof that your landlord received any letters you sent. For example, send letters by recorded delivery.
What is TDS on insurance? ›
Quick Summary. Having insurance policies helps mitigate financial crises in medical emergencies. Tax Deducted at Source (TDS) applies to payments made to insurance agents under Section 194D. Rates range from 5-10%. TDS may not be applicable if commission is below Rs.
What does the TDS cover? ›
The Tenancy Deposit Scheme (TDS) is a government approved scheme for the protection of tenancy deposits; we offer both insured and custodial protection. We also provide fair adjudication for disputes that arise over the tenancy deposits that we protect.
What is TDS on deposit? ›
What is the TDS rate on FD? TDS (Tax Deducted at Source) on FD is currently deducted at a rate of 10%. If the total interest earned on FDs for a financial year exceeds Rs. 40,000. However, if the investor's PAN is not available, TDS is deducted at the rate of 20%.
Is TDS mandatory? ›
Yes, the deduction for TDS on salary is mandatory under Section 192 of the Income Tax Act . Every employer who pays a salaried income to his employees needs to deduct TDS on salary if the income amount is over the basic exemption limit.
