PPI Tax Refund?
If you've ever received a PPI Payout you could...
Claim A PPI Tax Refund
100% No Win No Fee Compensation Claims
*FEE EXPLANATION: We work on a No Win No Fee basis providing peace of mind that our claims are based on the end result. If your claim is successful we will deduct a fee 36% plus VAT subject to a minimum charge of £30 inc VAT. Where the value of the rebate received from HMRC falls below £30 inc VAT, we will limit our Fee to the total amount of the rebate received. Fast Track Reclaim acts as a Tax intermediary only. You do not have to use Fast Track Reclaim to make a tax refund or allowance request, you could contact HMRC directly.
PPI Tax Back
Most people paid too much tax on their PPI refund. This was automatically deducted, even though most people do not need to pay it.
In April 2016 the personal savings allowance was introduced which allows taxpayers to earn up to £1,000 a year tax-free on their savings which includes the statutory interest paid on PPI claims. And as PPI is taxed as a lump sum payment at the point it is paid, most people who have paid tax on PPI pay-outs since then are entitled to some money back.
So if you've been paid out within the last four years, or you get a pay-out in future, you could be due £100s back.
How It Works
Complete and sign the online form
We will check if it qualifies for a full refund
Tax preparation completed, claim made to HMRC and a refund is paid