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JovioneBanobee

MBNA Plevin repayment calculations, are they correct?

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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?

 

They are:

 

£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.

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trouble with these plevin refunds is they are not obliged to reveal the figures

you could ask for a breakdown.

 

as for the tax that's correct

but if you are not over your threshold / don't pay tax you can reclaim that from HMRC


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Many thanks for the info. It's very kind of you to reply.

 

Seems I don't have to take any further action.

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