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PPI and DWP
allie007
Posts: 23 Forumite
Apologies if this has been asked before. I have found out today that I will be receiving a PPI payout approx £2600, £1600 is gross interest which I know I have to declare to DWP as I receive tax credits. I used a claim company and will have to pay them over £600 from the total amount I receive. My question is do I declare the £1600, as my income wont be increasing by that amount due to the payment to the PPI company, or doesn't that matter?
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Comments
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Probably better asking on the Benefits board of this forum;I used a claim company and will have to pay them over £600 from the total amount I receive. My question is do I declare the £1600, as my income wont be increasing by that amount due to the payment to the PPI company, or doesn't that matter?
https://forums.moneysavingexpert.com/forumdisplay.php?f=139
(Yet another reason for not using a Claim Company)0 -
It’s likely the DWP will base it on the gross amount as they haven’t instructed you to use a CMC and will see it at £1600 earnings. The fact you have to pay a CMC is your problem, not theirshelpful tips
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)0
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