Tax on PPI Refund following death of husband

SophieHazel

I recently filled in one of those PPI forms on Facebook and to my surprise I was able to get a PPI refund . My bank rang me to say they could also see if my late husband was owed anything ... it turns out he was and quite a lot. This was all in respect of a loans we’d taken out around 15 years ago!
I understand how the tax works on my refund but I don’t know how it works in the money I e been given I respect of my late husband.
My husband died 4 years ago ; I have the grant of probate ...
Can I reclaim the tax paid on the interest for PPI as it formed part of my husband’s estate in which case can I go back and change the probate form?
Or
Do I need to declare the interest as my own income?
Or
Something else?
Any help appreciated! Thanks.

NCC-1701

SophieHazel wrote: »

I recently filled in one of those PPI forms on Facebook and to my surprise I was able to get a PPI refund . My bank rang me to say they could also see if my late husband was owed anything ... it turns out he was and quite a lot. This was all in respect of a loans we’d taken out around 15 years ago!
I understand how the tax works on my refund but I don’t know how it works in the money I e been given I respect of my late husband.
My husband died 4 years ago ; I have the grant of probate ...
Can I reclaim the tax paid on the interest for PPI as it formed part of my husband’s estate in which case can I go back and change the probate form?
Or
Do I need to declare the interest as my own income?
Or
Something else?
Any help appreciated! Thanks.

Help us to help you and give us a link to the 'Facebook form' you filled out. We await.

[Deleted User]

NCC-1701 wrote: »

Help us to help you and give us a link to the 'Facebook form' you filled out.

It will have been a CMC advertising on Facebook...

SophieHazel

It doesn’t matter about the Facebook contact? They were only acting on behalf of me not my late husband. The bank rang me direct and sorted out the amount I was owed.
What I want to know about is the tax /lncome status of the money I have received?

SPOWER

Yet another post that I draw breath at. In a 1 post way.

You can claim tax back no problem.

SophieHazel

SPOWER wrote: »

Yet another post that I draw breath at. In a 1 post way.

You can claim tax back no problem.

Thank you. I don’t suppose you know if I need to do anything with the Probate as it now takes me over the amount I declared although it’s still under the limit or should I just leave it?

NCC-1701

SophieHazel wrote: »

It doesn’t matter about the Facebook contact? They were only acting on behalf of me not my late husband. The bank rang me direct and sorted out the amount I was owed.
What I want to know about is the tax /lncome status of the money I have received?

It really does..you've now asked a question about it. Why not provided the facebook link?

SophieHazel

I’m asking the question about the tax status. I haven’t asked a question about Facebook? Are you here to help or not? If you don’t know about the tax status of deceased PPI recipients then don’t reply.

antrobus

SophieHazel wrote: »

...
My husband died 4 years ago ; I have the grant of probate ...
Can I reclaim the tax paid on the interest for PPI as it formed part of my husband’s estate in which case can I go back and change the probate form?
.....

The interest received is part of your husband’s estate.

Since the estate is not entitled to a personal allowance, all income is taxable
https://www.litrg.org.uk/tax-guides/bereavement/how-estate-taxed-during-administration

So there is no refund due.

Just enjoy spending the windfall.:)

antrobus

SPOWER wrote: »

....

You can claim tax back no problem.

Err, no you can't. See above.

SophieHazel

That’s a really useful link. Thank you.