More about claiming PPI Tax Rebate

While many people have overpaid tax on their PPI compensation, the good news is that this can be reclaimed as a tax rebate. HMRC gives people four year from the end of the tax year in which they made an overpayment to claim it back as a refund. Unfortunately, this means that you cannot reclaim tax on any PPI payouts that you received before 6th April 2019.

However, if you did receive compensation from a PPI tax claim in the tax year 2019/20 or anytime afterwards you're still able to claim a PPI tax rebate. But you'll have to act fast - within these guidelines, you only have until 5th April 2024 to claim back any overpayment of tax. Not feeling like doing the paperwork yourself? Check if you're eligible and manage your claim with our HMRC-approved partner.