The PPI Scandal Payment Protection Insurance covered repayments in circumstances where individuals couldn’t cover payments themselves. This could have been due to a number of reasons such as; being

Financial Claim Pay-Outs, Interest and Owed Tax Most firms would have automatically deducted tax at the basic 20% rate on claim pay-outs even though not everyone would have had

Tax Reclaim on Pay-Outs After 6th April 2016 If you were a non-taxpayer in the year the PPI was paid out, unless statutory interest pushes you over the