Ever had a PPI refund? Here's some more good news ...

Claim an extra £500* from your PPI refund due to withheld tax

If tax is due on PPI payouts, most firms deduct it automatically, at 20%, before you get the money. That has always been an issue for non-taxpayers.

However, since April 6, 2016, far more people have been owed tax back, as that's when the personal savings allowance launched.

It allows most taxpayers to earn £1,000 a year of savings interest, tax-free.

Quick, easy online claim Fill in this short form and leave the rest to us

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By clicking 'I agree' below you are agreeing to Absolute Money contacting you about your PPI Tax Refund. Absolute Money may also contact you about financial products which may be of interest.

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Here's why millions of people have already claimed

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Martin Lewis explains ...

"Tax refund worth £1,000+ if yours was a big payout"

Tax is deducted at the basic 20% rate, so for every £100 of statutory interest you earn, you pay £20 in tax. To give you an idea of how it relates to the size of PPI payouts.

Tax taken off at source
Total PPI reclaim PPI taken out 3 yrs before PPI taken out 5 yrs before PPI taken out 10 yrs before
£1,000 £40 £60 £100
£3,000 £120 £180 £300
£7,500 £300 £460 £730
£15,000 £610 £910 £1,470
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"The thought of filling in paperwork was daunting but Absolute Money's online tool made it a 2 minute job. Well worth it for the £390 I received in the post shortly after!"

– Kelly Hales, Cleaner at NHS, Wolverhampton

Use our online tool to reclaim your refund

*Average refund:
£500

Everything is done online (unless you would prefer to speak to us), and we will then post out your refund document to HMRC the very next working day so they can process your refund quickly. It couldn't be easier!

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Privacy Policy & Cookies

In this Fair Processing and Privacy Notice we use the displayed terms to mean the following:

Fair Processing and Privacy Notice

Absolute Money NW Limited is committed to protecting and respecting your privacy.

This notice sets out the basis on which any personal data that 'WE' collect from 'YOU', or that 'YOU' provide to 'US', will be processed by 'US'.

Please read the following carefully to understand our views and practices regarding your personal data and how 'WE' will treat it.

Absolute Money NW Limited has put in place a number of measures to ensure that any personal data that 'WE' obtain from 'YOU' is processed and maintained in accordance with accepted principles of good information handling and in accordance with the General Data Protection Regulations ('GDPR') and the Data Protection Act ('DPA').

For the purpose of the ‘DPA', the Data Controller is Absolute Money NW Limited and can be contacted at Scotsman House, The Sidings, Boundary Lane, Chester, England, CH4 8RD or by telephone on 01244 670999 or e-mail simon@absolutemoney.co.uk (Simon Mouncher),

Information ‘WE’ may gather from 'YOU'

For processing of personal data to be lawful, ‘WE’ are required to tell ‘YOU’ the lawful basis on which ‘WE’ will process your personal data.

‘WE’ consider our lawful basis to be:

and / or

‘WE’ will rely on the above lawful data processing basis in two ways, consequently both 1. and 2. above may apply dependent upon the services ‘WE’ provide to ‘YOU’.

*If ‘YOU’ wish to receive marketing information on any other products from ‘US’ ‘YOU’ must complete the separate ‘consent to be marketed form’ before ‘WE’ can provide ‘YOU’ with information about your selected products of interest.

The information ‘WE’ collect from ‘YOU’ will be in connection with ‘US’ providing the services that ‘YOU’ have requested ‘US’ to perform and is limited to such information that may be reasonably expected in the provision of mortgage and insurance services.

‘WE’ will use information held about ‘YOU’ in the following way:

‘WE’ may disclose your personal information to the following:

‘WE’ may also disclose your personal information to third parties from time to time for the following reasons:

Retention of your personal information

The length of time ‘WE’ retain your information will depend on the purpose for which the information was provided. In general, however, ‘WE’ will keep the information that is necessary for ‘US’ to:

Data Security

‘WE’ make your data safety and security a top priority and are committed to protecting your personal and financial information. Where ‘WE’ collect personal information from ‘YOU’, ‘WE’ will protect that information with controls based upon recognised security standards, regulations, and industry based best practices.

Access to information

The ‘DPA’ gives ‘YOU’ the right to access information held about ‘YOU’ called a ‘Subject Access Request’.

Please contact ‘US’ at this address – Scotsman House, The Sidings, Boundary Lane, Chester, England, CH4 8RD or by telephone on 01244 670999 or e-mail simon@absolutemoney.co.uk (Simon Mouncher) or on the Contact page of our website www.absolutemoney.co.uk if ‘YOU’ wish to seek such information.

‘WE’ will provide your information to ‘YOU’ free of charge and within 30 days of receiving your request.

‘WE’ may be entitled to extend this to two months if the request is particularly complex or involves numerous requests.

‘WE’ may also be permitted to charge a reasonable fee if a request is deemed to be manifestly unfounded or excessive.

Right to rectification

‘YOU’ are entitled to have personal data rectified if it is inaccurate or incomplete.

Right to erasure

In certain circumstances ‘YOU’ may have the right to have your personal data erased, for example, if ‘YOU’ believe it is no longer necessary for the purpose for which it was originally collected.

Right to restrict processing

‘YOU’ may have the right to ask ‘US’ to restrict the processing of your data for a certain period of time.

For example, if ‘YOU’ contest the accuracy of your personal data ‘YOU’ can ask ‘US’ to restrict processing until the accuracy of the data has been verified.

Right to lodge a complaint

If ‘YOU’ believe ‘WE’ have breached the regulations, ‘YOU’ have the right to lodge a complaint with the Information Commissioner’s Office.

Changes to our privacy policy

Any changes that ‘WE’ may make to our privacy policy will be updated on our website

Visiting Absolute Money NW on-line

Use of cookies

Cookies are tiny text files stored on your computer when you visit certain webpages.

At Absolute Money NW Limited we use cookies to understand how visitors reach our site, which in turn helps us to improve our services. Cookies cannot harm your computer and hold absolutely no personally identifiable information; no names, addresses, phone numbers or credit card details.

We do use encrypted information gathered from them to help improve your user experience of the site. For example, they help us to identify and resolve errors, or to determine what you, the customer may be interested in.

We are providing you with this information as part of our initiative to comply with legislation, and to make sure we are honest and clear about your privacy when you visit our website, we know you would expect nothing less from us.

Cookies we use:

_utma: This cookie allows us to count the unique numbers of visitors to our site and does not contain any personally identifiable information.
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Terms & Conditions

1. General

In connection with Mortgages, Loans and Insurance Absolute Money NW Limited acts as a broker NOT a lender or insurer

2. Regulatory Status

3. Our Remuneration

4. Non-investment Insurance

5. Cancellation

6. Termination

7. Communicating

8. Compensation

If you make a valid claim against us in respect of the mortgage or insurance we arrange for you, and we are unable to meet our liabilities in full, you may be entitled to redress from the Financial Services Compensation Scheme; details of the cover provided by the Scheme are available on request. Further information is available from the FCA and the Financial Services Compensation Scheme.

9. Verifying Identity

We are required by law to verify your identify. This will be required at the outset of our dealings with you and we will not submit an application for a mortgage or term assurance policy of other financial product until such verification has been obtained.

Proof of ID
Proof of address

If you do not have any of the above, then please contact us and we will advise you accordingly.

10. Your policies & Legal Documents

All policies will be registered in your name unless otherwise agreed in writing. Unless you instruct us in writing to the contrary, we will forward to you all documents showing ownership of your policies as soon as practicable after we receive them. Where a number of documents of title are involved we will await arrival of all of them before sending them to you.

11. Your Money

We do not handle client money in any instance.

12. Law

13. Language

The contract is in English and communication between us will be in English.

14. Taxes

Other taxes or costs may exist which are not paid through us or imposed by us.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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