Tax rebate for PPI interest payments.

Why have I paid tax on my PPI pay-out? PPI pay-outs are comprised of the pay (which is the discount of the PPI premiums paid and the interest you have paid on those premiums) and the statutory interest on the compensation, at 8% (paid in acknowledgment that you were deprived of your cash for quite …

Tax rebate for PPI interest payments. Read More »