We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Claiming Tax On PPI Refund help

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

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

Comments

  • pauline123
    pauline123 Posts: 15 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Sorry if im being a pest, but 
    Have I not posted this question in the right place?
  • 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.

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.