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
For answers to common questions, please visit our support centre.
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