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Posted: Sat Aug 23, 2014 10:26 am
by geoff.b
ive paid quite alot into my iva through ppi,s. my iva finished in feb ive not received the completion certificate yet.my question concerns the interest on the ppi,s what happens to it please?
Posted: Sat Aug 23, 2014 11:43 am
by Foggy
Although the approach should be standard, different IP's are treating PPI and interest differently. Only your own IP can say what he / she does in this regard.
Posted: Sun Aug 24, 2014 12:05 am
by Michael Peoples
The interest is taxable so if not already deducted at source there may be a payment due to HMRC. As Foggy says you need to check with your own IP.