I received a letter dated 5/12/17 from MBNA offering £924.03 minus £184.81 UK Withholding Tax.
This was for a PPI undisclosed high commission complaint (PLEVIN) on a very old credit card on which they had refused a PPI repayment as they claimed it was not mid-sold.
I am a 70-year old female Pensioner who had a mild stroke last week and do not understand these things, but also do not trust Banks.
Is the UK Withholding Tax being paid directly by them to my HMRC 'account' ?
Can they be trusted to do this.
How can I check that the calculations given are correct?
£816.89 Amount of applicable commission and profit share
£ 0.00 Total amount of fees refunded
£137.20 Amount of historic interest
£924.03 Applicable 8% gross interest*
-£184.81 Less UK withholding tax*
The payment is being paid directly into my Bank Account within 28 days.
Any advice will be most helpful.