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Frequently asked questions
You can claim a tax refund on your PPI payout because the interest paid on the compensation by the lender is subject to income tax. As a result, you are entitled to a tax refund on the interest paid, which is calculated based on the statutory interest rate set by HMRC.
To claim your tax refund on your PPI payout, you can complete our online form. Our team of experts will handle the entire process, from gathering the necessary information to submitting your claim to HMRC.
If you have received a PPI payout within the last five years, you may be eligible to claim a tax refund on the interest paid. However, the specific eligibility criteria can vary based on your individual circumstances. To find out if you are eligible, you can complete our online form or consult with a tax professional.
The amount you could be owed varies based on a number of factors, including the size of your PPI payout and the amount of statutory interest paid. In some cases, customers have been able to claim back thousands of pounds.
Not at all! We make the process as simple and hassle-free as possible. All you need to do is complete our online form, and our team of experts will handle the rest.
The amount of time it takes to receive your tax refund can vary, but in most cases, you should expect to receive your refund within a few weeks of submitting your claim to HMRC.