Why do I pay tax on my PPI refund?

Paying tax on my PPI refund – Why is there tax deducted from my PPI interest payment?

If your bank has agreed to your PPI complaint they will provide you with a full breakdown of the refund calculation.

The total of your premiums will be shown in the calculation along with any interest that you have been given on that total. The standard practice is for banks to apply an 8% simple interest on your total PPI premiums. Continue reading

PPI Claim Address List for All Banks

When you are making a PPI Claim from your bank, building society, credit card provider, loan provider, etc, it is very important that you send your completed PPI Claim Form to the correct address.

After all, if you want a PPI refund from your bank, you want to make sure they receive it.

Here are some of the common addresses you will need. Continue reading

Moved house and trying to claim on PPI?

Have you moved house and trying to claim on your old PPI?  Should you use your old or new address on the PPI claim form?

If you have moved house since closing the account, which of your addresses should you put on the complaint? Continue reading

Deadline looms for new PPI Claims

What is the PPI deadline? Is time running out to make a PPI claim? Or is it already too late to make a PPI Claim?

With the PPI saga that has been running for years, you might think that your chance to claim back missold PPI has expired.

It hasn’t, yet, but with proposals being discussed about a PPI deadline, it is clear that the current situation cannot last forever. Continue reading

PPI Calculator

How much can you claim back on your PPI refund? Use our simple, free PPI calculator to work out how much you might get back in PPI redress.  You can use this as your credit card PPI reclaim calculator.

PPI was often missold on loans, mortgages and credit cards.  Each of these products will have different rules and procedures for calculating your PPI refund.

Calculate PPI refunds easily with this PPI calculator. Continue reading

Reclaim £1000’s in mis-sold PPI – How to Claim

Mis-sold PPI could mean you are due a big refund from your bank.

PPI (Payment Protection Insurance) was designed to provide cover in the event that you couldn’t meet your monthly credit commitments, but the misselling of PPI has become one of the biggest scandals in the personal finance market in recent years.

PPI was sold at the time you applied for store cards, credit cards, loans, mortgages and similar credit facilities. With PPI you paid an additional premium every month so it cost you a money on a regular basis over a potentially long period of time. Continue reading

How to fill out a PPI Questionnaire

What do I put on my PPI Claim Form?  Filling out a PPI questionnaire is quite straightforward.

The form can be downloaded from the internet for you to print out at home.  Then all you need to do is fill it in.  But what do you put on it? Continue reading

How to Make a PPI Claim against Lloyds TSB

Lloyds PPI Claims – Lloyds TSB, like similar reputable financial associations, make it very straightforward to make a Payment Protection Insurance (PPI) claim against them.

They have set aside a large pot of money to settle Lloyds PPI claims, and if you have a valid PPI complaint with valid reasons to claim against them, you should receive a PPI refund from Lloyds TSB without any unnecessary delay.

Here’s how to do it. Continue reading

How to Make a PPI Claim against RBS

Did you have PPI with RBS (Royal Bank of Scotland) bank account or credit card? Here’s how to make a Payment Protection Insurance claim against them.

Like most financial institutions, RBS make it very straightforward to make a Payment Protection Insurance (PPI) claim against them.

They have set aside an increasingly huge pot of money to settle the large number of PPI claims, and if you have a valid PPI complaint against RBS, you should receive a full refund from them after following a few simple steps. Continue reading