![blue plastic letters spelling out 'PPI', background is squared paper with a graph drawn on it. blue plastic letters spelling out 'PPI', background is squared paper with a graph drawn on it](/sites/default/files/styles/responsive_4_3_600w/public/2024-03/9_ppi_tax_refunds._zhaoliang70.jpg?h=6849dcb5&itok=EbwkmCnv)
PPI tax refunds
Tax may have been deducted at source from the interest element of a payment protection insurance (PPI) pay-out. If the tax deduction means that you overpaid tax in the tax year in which you received the PPI pay-out, you can claim a repayment as set out below....