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  • 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
    • 5,106 Posts
    • 3,317 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
    • 24 Posts
    • 12 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 ..
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