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Claiming Tax On PPI Refund help

pauline123
Posts: 15 Forumite


Hello, can any one help?
I'm trying to reclaim the tax paid on a PPI payout I Had this year, from santander,
but i'm unsure what info to put where, this is the info on my letter
A- Full refund of PPI payments £81744
B- Associated interest £995.50
C- any over limit fees being refunded £0
D- *8% interest £ 828.70
E- Any successful claims made against PPI Policy £0.00
F- Gross redress amount A+ B+ C+D+E £2641.64
G- Income Tax Deducted @ 20%=20% X D £165.74
H- Net interest paid to you = D- G 662.96
I- Net offer to be paid to you £2475.90
so which amount do i need to fill in
for
1)Net interest paid by banks, building societies etc, purchased life annuities and PPI payments
I'm trying to reclaim the tax paid on a PPI payout I Had this year, from santander,
but i'm unsure what info to put where, this is the info on my letter
A- Full refund of PPI payments £81744
B- Associated interest £995.50
C- any over limit fees being refunded £0
D- *8% interest £ 828.70
E- Any successful claims made against PPI Policy £0.00
F- Gross redress amount A+ B+ C+D+E £2641.64
G- Income Tax Deducted @ 20%=20% X D £165.74
H- Net interest paid to you = D- G 662.96
I- Net offer to be paid to you £2475.90
so which amount do i need to fill in
for
1)Net interest paid by banks, building societies etc, purchased life annuities and PPI payments
After tax taken off.
£
2)Tax taken off the gross interest paid by banks, building societies and purchased life annuities.
£
3)Gross interest paid by banks, building societies and purchased life annuities
Before tax taken off.
£
Do you receive interest that has not been taxed at all?
Yes?
No?
Big thank you if you can Help
Big thank you if you can Help
0
Comments
-
Sorry if im being a pest, but
Have I not posted this question in the right place?0 -
Looks like £828.70 is the gross taxable interest.
£165.74 is the tax deducted (@ 20% of the gross)
£662.96 is the net interest (gross less tax).Do you receive interest that has not been taxed at all?That question is referring to normal savings interest from a bank or suchlike.
0
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