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Reclaim tax on PPI - now I owe more tax?

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Reclaim tax on PPI - now I owe more tax?

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vcrawfordvcrawford Forumite
5 posts
Fourth Anniversary First Post
MoneySaving Newbie
I followed a recent article by ML about reclaiming tax on PPI. I completed the forms but instead I’d having a refund, I now actually owe money to HMRC! 
The issue seems to come from the details I read in the article which said that earners up to around £50,000 had a £1,000 personal savings allowance. My total earnings for the tax year in question (2016-17) including benefit in kind is £45,000 but HMRC are saying the personal savings allowance should only be £500 and not £1,000. Could somebody please confirm?

Thanks in advance 


Vicki 

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