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Tax on PPI Refunds

If you have previously received a PPI refund, it is highly likely tax was automatically deducted from your compensation.

Why was tax taken from my refund if I never paid HMRC?

In most cases, the lenders automatically deducted the tax from your refund and paid it to HMRC before you received your money.

Your lender handled the tax deduction before you even received your refund. If you were overcharged, you may be able to claim it back.

Our process

FairsFair helps clients recover the tax automatically deducted from their PPI settlements.

Step 1

Complete & sign the form

Step 2

We'll investigate your claim

Step 3

Once all details are gathered we’ll submit to HMRC

Step 4

If successful, we’ll pay your refund directly into your bank account

Choose FairsFair for excellent service, guiding you every step of the way.

Should you claim?

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.

Increased payout

Reclaiming incorrectly deducted tax from PPI settlements can lead to an increase in your overall PPI payout

Recover your money

A portion of the PPI refund that was deducted for tax purposes could be recovered

Quick & stress-free

The process of reclaiming tax from PPI settlements can be quick and stress-free with the help of specialised agencies like FairsFair

Get your money back

Reclaiming tax helps individuals get back the funds that rightfully belong to them