In most cases, the lenders automatically deducted the tax from your refund and paid it to HMRC before you received your money.
Then Tax Refunds helps clients recover the tax automatically deducted from their PPI settlements.
Due to a change in tax on savings interest, any compensatory interest paid to you as part of your PPI refund can now fall under the Personal Savings Allowance and is potentially eligible to be claimed back.
Reclaiming incorrectly deducted tax from PPI settlements can lead to an increase in your overall PPI payout
A portion of the PPI refund that was deducted for tax purposes could be recovered
The process of reclaiming tax from PPI settlements can be quick and stress-free with the help of specialized agencies like Then Tax
Reclaiming tax helps individuals get back the funds that rightfully belong to them
Company Reg Number: 13729645. Registered with the Information Commissioner’s Office, ICO No: ZB390969. Copyright © 2023 Then Tax Refunds Ltd. All rights reserved. Then Tax Refunds Ltd is a registered tax agent with HMRC under Agent Reference KARN0047132.
*£236 average refund is based on the average of over 46,000 cheques received between January and June 2023. This number is based on the total refund value received from HMRC before the Tax Agent’s fee has been deducted.
