Plevin - how do I know what they are paying is correct?

Hazelc

I’ve had an offer of Plevin from MBNA as follows, how do I know if this is correct? Is it saying I will get £145 + £80 + 161 less tax of £32? Or has the tax already been taken from the suns? I have no paperwork for the period so have no idea if the original £145 is correct either.

Amount of applicable commission and profit share £145.93

Total amount of fees refunded £0

Amount of historic interest £ 80.37

Applicable 8% gross interest* £161.08

* less UK withholding tax -£32.22

I don’t pay tax so I’m guess I will need to claim that back once it’s all settled. Just wondering how I know what’s right. Thanks for advice in advance.

[Deleted User]

It all looks correct. Unless you have evidence they have miscalculated anything, you just need to accept it

[Deleted User]

Hazelc wrote: »

I have no paperwork for the period so have no idea if the original £145 is correct either.

Since Plevin is a refund of undisclosed commission, you wouldn't have paperwork showing this amount in any breakdown.

You need to understand that your PPI complaint failed and you are only getting any refund at all on a technicality.

Therefore there really is no point trying to check if the amount is "correct".

Hazelc

Thanks all. Appreciate the insights.