mortgage payment protection

[uko987]

i took out payment protection insurance on my mortgage in january 2009, incase i got made redundent. I was made redundent in june of this year and applyed for the insurance(which is meant to get back dated to the day i lost my job). The insurance company have now said because i got payment in lue of notice they will only pay from 14th july. i have looked everywhere in there t & c, but unable to find anything that says this.

 

can someone please let me know if they have had the same experiance and if so what can i do about it. i like a good fight against companys.:grin:

[Guest Old_andrew2018]

Bump

[buzby]

It is true PIL is taken into account, as if they paid out from the actual date you would be in receipt of 'betterment' - you get your pay, and your mortgage paid as well. Just be lucky they didn;t turn round and say they weren't paying out at all!

[patdavies]

What matters is the date of your final date of employment,

 

It is either the day you left and thus your PILON is damages for breach of contract (and thus not subject to tax and NI).

 

Or, it is at the end of your notice period and PILON was a single payment to take you to the end of your notice period (and is therefore taxable).

 

When you were made redundant, your redundancy letter should clearly state the date of termination of your employment.