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you would have been charged 20% tax on the PPI refund, that if you were not earning over your tax code earnings limit, should not have been charged. as for what is going on now i've not a clue, but i would suspect that only ONE of those £500 cheques (you have 2?) should be cashed, i suspect a second was issued because you did not cash the 1st one? within the tax year it was issued? tax is not my strongest subject but if it is to do with you historic PPI reclaims, which is one of my old expert subjects, then in total you must have gotten about £2500+ directly back to you in PPI refunds?
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By FelixFelix · Posted
I am on ESA for ill health but do not receive any income from that due to my partner earring over the limit. My partner deposits money into my account depending on how much I need and I get £250 a month from my parents (they are well off). I have about £13'500.00 in savings: £9000 in premium bonds and £4500 in a low interest savings account. Last November I received a cheque from HMRC for £500 as a repayment for the year 2019 - 2020 as they had taxed me that amount on a savings income of £2500. I thought this was incorrect, I called them to find out why this was sent to me. I was told an investigation would be done and that it would be into 2022 before I found out the outcome. I waited until early March then I called again to get an update. The line was very poor and the woman I spoke to told me I would receive a letter soon. What I received was a letter detailing another refund for £500 for another year “2020 - 2021” for a savings income of £2500. I then waited again to see if another letter came but I only got another cheque. I finally called them again today and was told I could cash both cheques. I tried to explain about my savings and that I hadn’t earned £2500 interest on them but was told that if the system and investigation shows my entitlement then the money is mine. I did win some substantial PPI claims in 2018 - 19 and was never clear if I had everything back that I should have (including tax wise) so there is a plausible reason why I might have money owed to me. But really I don’t know. I did the right thing by contacting HMRC, they investigated and I’m still being told to cash the cheques. I wish they would send a letter to this effect but they haven’t and won’t. What should I do? I could just cash the cheques and stick the money in savings if they ever want it back or I could rip the cheques up? -
Hi CardSrong, Please use you own thread to ask Q's - don't hijack other threads. All addresses for Barclays are in the Stickies at the top of the Barclays forum. Thanks.
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By PumpUpTheVolume · Posted
Hi there, Witness statement done. Could you give it a once over for me before I send? Do I need to attach any evidence (SLC SAR documents for deferment dates)? I forgot to mention that all previous letters had gone to an address I hadn't been at for nearly 20 years. Should I put that in as well? Cannot wait to get this over and done with! Many thanks, Px WSxxxx170522.pdf
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