Martin Lewis warns households have just days to do urgent tax checks - are you missing out on £1,000s?
He said you should reclaim for the tax year you got the payout in through a R40 form, which you can get on the gov.uk website.The deadline for making a claim on the mis-sold insurance policies was in August 2019, so you can't get a tax refund if you haven't already received a payout.
The statutory interest part of your payout is liable to be taxed, and most firms deducted this automatically at the basic 20% rate before you got your money. You can reclaim the tax on PPI payments going back four tax years, but get it in before the current tax year ends on April 5.
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