Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • clearingout
    • By clearingout 15th Feb 18, 12:17 AM
    • 3,154Posts
    • 6,389Thanks
    clearingout
    A strange one!
    • #1
    • 15th Feb 18, 12:17 AM
    A strange one! 15th Feb 18 at 12:17 AM
    Just had a successful and substantial PPI claim ‘win’. Is this income for Tax Credit purposes?
Page 1
    • Darksparkle
    • By Darksparkle 15th Feb 18, 6:28 AM
    • 5,054 Posts
    • 3,290 Thanks
    Darksparkle
    • #2
    • 15th Feb 18, 6:28 AM
    • #2
    • 15th Feb 18, 6:28 AM
    Any interest received on the compensation amount is taxable so income for tax credits.
    • clearingout
    • By clearingout 15th Feb 18, 10:47 AM
    • 3,154 Posts
    • 6,389 Thanks
    clearingout
    • #3
    • 15th Feb 18, 10:47 AM
    • #3
    • 15th Feb 18, 10:47 AM
    Thank you. That!!!8217;s useful.
    • Nullboris
    • By Nullboris 16th Feb 18, 3:58 PM
    • 21 Posts
    • 11 Thanks
    Nullboris
    • #4
    • 16th Feb 18, 3:58 PM
    • #4
    • 16th Feb 18, 3:58 PM
    isnt interest paid at a substantial rate on these claims ?(8%) So the total amount is often consisting of up to 50% interest .. just for clarification ..
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

135Posts Today

1,613Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin