PPI Reclaiming Discussion Part 5

evanowen

aayush wrote: »

quick question if you get compensation and not working can you reclaim the tax and if so how ?

Short answer is yes, non taxpayers can reclaim any tax deducted.

[Deleted User]

dazzler4 wrote: »

Nationwide stated something along the lines of lpan payments only being paid by them after a two or three month period. Two payments were made, but mum then got a new job.

That's completely legitimate and not a valid complaint. The PPI would only pay out after the qualifying period and your Mother getting a new job obviously precluding her from continuing to claim.

[Deleted User]

aayush wrote: »

quick question if you get compensation and not working can you reclaim the tax and if so how ?

If taxed at source (not every Bank does this), then you can reclaim the tax by applying to HMRC for a refund.

aayush

Moneyineptitude wrote: »

If taxed at source (not every Bank does this), then you can reclaim the tax by applying to HMRC for a refund.

but will the refund affect any benefits i am getting at present

evanowen

dazzler4 wrote: »

there was a contract change a few years before this happened

Need the dates for that change.

aayush

but will the tax refund affect any benefits i am getting at present

[Deleted User]

aayush wrote: »

but will the refund affect any benefits i am getting at present

No, but it will count towards your tax-free allowance for the year.

Starbabe

In 1996 I was a serving police officer. I bought a house with a mortgage and, in spite of my occupation I was told I would not be given the mortgage unless I took out PPI. I did try to explain that I didn't need it but the building society would not budge. I have no documentation, the mortgage ceased to exist more than 10 years ago and I have tried to get help through the building society (it has been sold twice since I had the mortgage) to no avail. As it was linked to a mortgage is there anywhere else I can go for proof? I appreciate it's very old but I knew, at the time that I was sold it, it was unnecessary and I was over a barrel. Does anyone have any suggestions for where I might look for help?

Insider101

dazzler4 wrote: »

Hi,Would appreciate any help that could be offered on this one.

My mum has recently received a letter from Nationwideinforming her that she may be entitled to a PPI refund.
She has had both a credit card and 2 loans from them in the last ten years, All of which came with the added PPI.
Has anyone else received one of these letters?
The other quesion i have, My mother was made redundant 11 years ago, at the time she had PPI, she had a battle with the PPI to get it paid and it took around four months before they finally paid it for just two months. Given that she actually received two payments, would she still be entitled to the refund?

Many thanks in advance

Dazzler x

Nobody has said she is entitled to a refund. This letter is just informing her that she is entitled to make a complaint if she feels she has been missold the product. She is entitled to make a complaint but will need to have valid grounds. Does she?

As regards the claim amount, as others have said this doesn't mean she can't have a complaint upheld (though it does make it somewhat more difficult as it removes a number of complaint reasons). However in the event that it is then any amount paid in claims will be deducted from any redress offered.

Insider101

evanowen wrote: »

Yes she may have any benefits paid out deducted but I would complain about the service received.

Seems the Society has had to go down the fully fledged review because its sales procedure was fatally flawed.

Wish your mum the best of luck from me and avoid any claims chasers as this is a simple matter, or it should be!

This is nonsense. Nationwide has one of the lowest FOS uphold rates out there. In the last figures published it was just 7%. The purpose of the letter is mainly to start the clock ticking for a three year timebar. It doesn't mean they're just going to throw money at anyone who complains.