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PPi charges

Sepon Posts: 1 Newbie

28 March 2014 at 4:04PM in Reclaim bank & credit card charges

Do I have to pay tax on mis sold ppi refunds

Comments

dunstonh Posts: 120,003 Forumite

28 March 2014 at 4:36PM

You pay tax on the interest element of the refund. Not the capital part.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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