PPI Tax reclaim 17 February 2020 at 1:03PM in Reclaim PPI & other insurance 5 replies 276 views

robdeejay

Could somebody please point me in the right direction for an answer to my query?
I have successfully claimed back PPI.
The cheque will be sent to me with in 10 days.
The tax taken off is roughly £800.
I have been saving hard for the past few years and this FY I will earn circa £600 in interest. I will not earn any substantial amount next year as I am spending most of the savings.
Can I cash the cheque in April so that I can claim the full tax amount back the year after or do I have to claim the tax in the year my claim was successful rather than the year I cash the cheque in?
Any help would be welcome.

[Deleted User]

Contact HMRC, but as far as I know you have to claim back any overpaid tax for the year that it was paid. 

Dazed_and_C0nfused

When you get round to cashing the cheque is irrelevant.

You do know that basic rate taxpayers can get up to £5,999 interest which will be taxed at 0%.

The exact amount depends how much your taxable earnings, business profits, rental income etc is.

fas1952

Can you help please hi can anyone help please I am trying to fill an r40 form online and I do not not know what figures to I need to put in section 3 I have the options from the reward letter but do not know the relevant figure to enter into each section on the tax form I have taken a photo of the tax form section and the section on the award letter any help would be greatly appreciated. Regards

annabanana82

The bottom box is the biggest number, the middle one the smallest - tax deducted and the top one should equal the bottom box minus the middle box. 
I got confused on that bit too, but I hope what I've put makes sense 

fas1952

Me again this forum is absolutely great so helpful another question.
if you have been given an award in joint names to both me and my husband who would claim the tax back please?

Regards