Yes, it was. I received £546 from £6825. I was informed by PayPlan that I had to declare it to HMRC as it is taxable. I did this and I'm paying £95 tax over this current tax yeasr
Hi Tamiani, I am currently awaiting information from EIF on three PPI claims. Payplan have told me that if these are successful I will receive statutory interest amounting to 8% of the total claim, so fingers crossed!
Sensible 77 - We finished our IVAs with Payplan around the same time. Have you heard anything about your completion certificate which they told me would be issued 'within three months'? I am unclear as to whether they meant three months from the last payment date or from the [in my case] 6 year anniversary of my IVA starting. Today is exactly to the day three months from my last payment; if its the start date anniversary then that takes me to the end of September. Just so sick of it all now, and impatient to get the whole thing out of the way! But hey, thank God, we are not with GT.........
Last edited by brokebryn on Tue Sep 03, 2013 1:16 pm, edited 1 time in total.
Last monthly payment made 3 June 2013 after 6 long years. CC issued 21 August 2013, but, er, lost in the post. Finally got it 17 September.
My last payment was 1 June but the anniverary was 13 June. I don't know if the 3 months is from the last payment or anniversary, but in any case I've made a note to contact them on 13 September if I've not received it by then. I have received the usual annual report which mentions that my IVA is being closed down, so that's encouraging,(I hope).
Cheers Sensible 77, I have received nothing yet save an email telling me that my IVA is in the process of completion. If you hear anything more, let me know, and vice-versa?
Last monthly payment made 3 June 2013 after 6 long years. CC issued 21 August 2013, but, er, lost in the post. Finally got it 17 September.
I am sure that GT's standard modifications allow for their clients to retain the interest element of their PPI claims, where PPI is not specifically provide for within the IVA, but you should check with them directly to be sure.
I am with GT and I questioned the 8% as hubby got a payment back PPI we were told via email,(I will fish it out later so I can get the wording correct) but basically it stated it was 8% net after EIC and GT had taken there cut... so I am imagining we will get a bill from GT for our bit LOL.
If life is what you make it, I must have been in a strange mood when I made mine
damit, I'm with StepChange and when I claimed a PPI they claimed the full amount for themselves less the HMRC tax. Wish I'd got the 8% interest it would have been £5250, oh how depressing
Hi Tamiami
I am with GT and didn't get my interest back because the payment (7k) went into my IVA 4 days before my Mass variation meeting to agree interest... I was gutted. Check hat your mass variation has been done and you should get your interest back. Good luck and I hope its a nice little windfall.
