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A PPI claim usually only involves completing a simple form so we recommend that you claim back PPI yourself to maximise the money you are refunded. Mortgages, loans, overdrafts and credit cards could all have PPI attached.
The PPI deadline passed on 29 August 2019, so most people can no longer reclaim, be that direct to a bank, using our free reclaim tool, or via a claims firm. For a handful, exceptional circumstances might mean it's still possible, but for the majority, the door is firmly shut.
To claim your PPI tax rebate HMRC need you to complete an R40 form which is specifically for claiming back a tax refund from savings and investments. You can complete the R40 online through your personal tax account or you can print the R40 off and post it to HMRC at the address on the form.
To make a claim, the customer needs to provide evidence that, when they were sold PPI by Capital One, they weren't told about the commission payment and that the percentage of the PPI premium that was paid as commission was over 50%.
To complete the R40 PPI form, individuals must provide their personal details, including their name, address, and National Insurance number. They must also provide information about the pension income they received, including the amount, the tax year in which it was received, and the source of the income.