Home PPI Tax Refund Pay Invoice Contact Us Client Login Beware of the Scammers You could be entitled to tax back from your PPI claim Find Out How PPI Tax Refunds Whilst the PPI deadline may have passed, we are currently contacting our customers that have had successful PPI claims as they may be entitled to a tax rebate for the tax paid on the redress recovered for settled claims. What is PPI Tax? A PPI refund was made up of 3 elements: A refund of the PPI premiums paid to the lender If the lender added an extra loan to your original loan to pay for the PPI, then any interest paid on this extra loan will have been refunded Statutory interest at 8% for each year since you had PPI It is the third element that is subject to tax. Most lenders deducted this tax at the basic rate of 20% automatically prior to customers receiving their refunds. The reason tax was deducted by lenders is because the statutory interest was paid to return you to the position you would have been in had you not been mis-sold PPI. Therefore, counting as savings interest. Why could I get a rebate on the tax that was paid? On the 6th of April 2016, the personal savings allowance was launched, which allows most taxpayers to earn up to £1000 a year of savings interest tax free. PPI pay-outs automatically had 20% tax deducted without checks on personal savings allowance – which now means many customers are entitled to a tax rebate. Who could get a PPI tax refund? You can’t claim for a rebate if your PPI pay-out was before 6 April 2016. If your pay-out was after 6th April 2016, you can only go back 4 tax years, meaning the furthest you can go back is the 2017/2018 tax year. What happens next? We will be contacting our existing customers from the telephone numbers 01925 598026 and 01925 321332 to discuss this further or call us today to find out more. Our fulfilment partner’s fees are 30% + VAT a total of 36% of the gross amount of rebate received on your behalf. If you are successful but the rebate is used towards any arrears you may owe then you will need to pay the fees from your own funds. But if you are not successful there will be no charge for this service. What will I need? National insurance number Annual salary for the year you received the pay-out State Pension and amounts if applicable Taxable state benefits and amounts if applicable Private pensions and amounts if applicable Other taxable interest and amounts if applicable You will also need other information that Gladstone Brookes will provide you with: Date(s) of PPI Offers Amount(s) of PPI Offers Your Gladstone Brookes reference number(s) PPI TAX REFUND – APPLY ONLINE Want to continue? Find Out More PPI TAX REFUND ENQUIRIES Want to find out more? Call us on 01925 321332 to find out more CALL NOW: 01925 321332 Our Address Gladstone Brookes Ltd 47 Museum Street, Warrington, Cheshire, WA1 1LD, UK Tel: 01925 320932 Site Information Terms & Conditions Complaints Procedure Complaints Publications Privacy Policy Cookie Policy Modern Slavery Act Transparency Statement CV19 Risk Assessment CV19 Secure Statement Site Map Follow us Registered with the Information Commissioners Office; registration number: Z9988740. Registration Address: Railex Business Centre, Crossens Way, Marine Drive, Southport, Merseyside, PR9 9LY. Company Number: 06278129. Registered as a company in England & Wales. Vat Number: 909 1828 09. Tel: 01925 320932. Contact details can be found on our contact page. Gladstone Brookes Ltd - © 2021 - All Rights Reserved. Menu