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    • By MGFGIRL 13th Apr 18, 6:26 PM
    • 1Posts
    • 0Thanks
    PPI claim - what are you entitled to?
    • #1
    • 13th Apr 18, 6:26 PM
    PPI claim - what are you entitled to? 13th Apr 18 at 6:26 PM
    Received a lovely e-mail today telling me my complaint had been upheld.
    However the breakdown was
    Monthly payment 36x16.45
    Total value 592.20
    Statutory interest @8% 487.85

    Total value refund 1 080.05

    Should there be extra interest paid and also tax applied?
    Any advice gratefully received Thank you
Page 1
    • Nearlyold
    • By Nearlyold 13th Apr 18, 6:35 PM
    • 1,178 Posts
    • 1,013 Thanks
    • #2
    • 13th Apr 18, 6:35 PM
    • #2
    • 13th Apr 18, 6:35 PM
    What extra interest are you expecting? Assuming this was a regular premium PPI (not single premium added up front to the loan) then the calculation seems correct. Tax may be payable on the interest element depending on what other interest paying investments you might have.
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