In 2018, I was luckily enough to receive a PPI refund, of this, I paid 20% tax on the Statutory Compensation element, this was £511.
£2555 X 20% = £511
Taking into account the Personal Savings Allowance. could anyone one advise on the Tax I should of paid and a simply calculation on how to work it out.
Hi Martin as I got my ppi paid in Feb 2014 does this mean I can’t clsim back the tax?
Hello, I started the process of online applying for TAX PPI reclaim, its looks like it's only going back as far as 2015 ? is that correct?
My PPI was paid out well before 2014 for years 1996 to 2000 roughly.
Hi Martin, I am a little confused as I had a PPI claim payout from Barclays in August 2016, The calculation states refund of PPI £468.64, a refund of interest charged on premiums paid £183.91 and statutory compensation interest. £963.84... it then includes a deduction from statutory compensation interest for income tax 20% £192.76, does this mean I can claim the deduction part back?
Good Afternoon Martin, I was successful in getting back my PPI from Barclays last year around which had 20% interest tax deducted from my Statutory compensation £1,714.64 = £342.92. As i usually earn around 26,000 a year would it be worth filling in the R40 form ?
My husband and I have had two PPI payouts: one in Sept 2017 and one in Jan 2018. I gave some of my tax allowance to my husband so it increases his allowance (his tax code 2017-2018 was 1309M) He earns just over £19,000. Both the PPI payouts had the standard 20% tax rate deducted.
As my husband has an increased allowance can he claim back any tax on the PPI payments?
Referring to a reply above, what is "taxable interest" and how do we find out about it?
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