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How much tax was paid?
russetred
Posts: 1,334 Forumite
Hi guys,
I received a PPI payout recently from RBS for a £5000 loan taken out in 1994 over 3 years. The letter states the amount of £652.53 includes a refund of the PPI premiums paid plus 8% interest net of any income tax. I want to fill in a R40 form to claim back the tax but there is no information on how the payment was worked out and I have no idea how much interest was added to the PPI amount. Can anyone help with this? TIA
I received a PPI payout recently from RBS for a £5000 loan taken out in 1994 over 3 years. The letter states the amount of £652.53 includes a refund of the PPI premiums paid plus 8% interest net of any income tax. I want to fill in a R40 form to claim back the tax but there is no information on how the payment was worked out and I have no idea how much interest was added to the PPI amount. Can anyone help with this? TIA
"Sometimes life sucks....but the alternative is unacceptable."
0
Comments
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Yes - RBS can tell you.
Contact them and ask for a breakdown.0 -
We were overcharged for our buildings insurance for the term of our mortgage how do we start about making a claim back0
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You make a complaint, detailing how you were overcharged.
How were you overcharged, out of interest?2 -
As above ^^^^^^^^^^^^^^overcharged, how? Do you mean you could have bought it cheaper elsewhere?1
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