Category: Uncategorised

PPI Tax Refund Calculator: How much could I be owed?

Posted on February 17, 2021 by Hannah Fletcher - Blog, PPI Tax refunds, Uncategorised

If you are looking to make a PPI Tax refund, it’s important you understand the type of claim you are trying to make. You also need to consider how much you could get from your claim. We understand that it can be frustrating. You don’t want to ask for compensation for a second time, just after you have just successfully a pay-out from your PPI. That’s why it’s useful to have the help of a tax solicitor to get you on the right track.

With any sort of PPI Tax reclaim, the first thing on your mind is going to be how much of a compensation pay-out you are going to receive. That’s why you may want to figure out a rough estimate. This will really help you to calculate how much you could be owed. You can also get a more succinct figure from a specialist at Gowing Law Solicitors. Either way, this blog is a great place to start if you want to understand how much you could be owed from HMRC.

To find out more about PPI Tax claims, why not call us today at 0800 041 8350 or visit our PPI Tax page below:

Why did I need to pay PPI Tax in the first place?

Before we jump into the maths behind claiming a PPI tax refund, it’s important that you know the basics of PPI. PPI stands for “Payment Protection Insurance.” Originally, it was used as a safety net just in case you could not pay back a financial agreement. This included credit cards, loans and catalogue payments. Unfortunately, in most cases, these policies were mis-sold. Not only did they not provide enough money to pay off the financial agreements, but in most cases they actually did not suit the policy holder. Take a look at the infographic below to see how your PPI was mis-sold in the first place:

As you can see, there are many ways that you could have been mis-sold PPI. That’s why HMRC has been issuing refunds and compensation pay-outs. This way claimants can be returned to the amount they were meant to be at before they lost money on PPI. Unfortunately, in quite a few cases, even though they received a pay-out, they did not receive the full amount. This is due to the fact that around 20% of the pay-out could have been taken away as tax.

Now that you understand that the basics of PPI, you may be wondering why this tax was taken away from you in the first place. Let’s delve into that a little further.

Why did I lose some of my pay-out?

If you want to receive a PPI tax refund, you need to understand why you lost it in the first place. Having your PPI tax taken away most likely came from no fault of your own. In some cases, it came about due to an automatic deduction from your bank. However, in other cases, it may have happened because it was believed that you went over your personal savings allowance (PSA). The amount you received was supposed to get you back to the original savings you were at. However, if it was believed you went over this amount then it was likely your pay-out was going to taxed.

Your pay-out will have included:

The only thing that can be taxed is your statutory interest. That’s why in order to make sure that you did not go over your PSA, the amount that was originally going to be paid out to you was deducted. This is where Gowing Law Solicitors can step in to help you get your money back through a PPI tax refund. By working with our experienced tax claim solicitors, you can get an experienced legal expert on your side and ready to get you your money back.

How much could I get from a PPI Tax refund?

You may be wondering why we have included a calculator in this blog. Well, if you do not want to immediately go to see a tax specialist, we want to give you the right tools to figure out an estimate of how much you could be owed from your PPI tax refund.

Let’s focus on the statutory interest that deducted your tax in the first place. It is very likely that your PPI Tax was actually deducted at a basic rate of around 20%. That means, for a £1000 refund, £200 was actually deducted in tax thanks to your statutory interest.

With that in mind, let’s use an example to help you understand how much you could be from your PPI tax pay-out. Peter is a mechanical engineer that earns around £19,000 per year. That means he pays a basic rate of around 20%. Gowing Law was able to help him get a PPI pay-out of £950, meanwhile his savings netted him around £150 in interest. That means he is around £100 over his allowance. He should, therefore, only be taxed on that £100 over the allowance, for the year, paying £20.

Due to the fact that Peter had a PPI refund payment was deducted at £190 at the source, that means he can now reclaim £170.

What about my own estimate?

Now that you have an example of how you can calculate a PPI tax refund pay-out, try to figure out your own pay-out by using the:

PPI pay-out you received
Your own basic wage
How much tax you pay

If you need help figuring out how much you could earn from your claim, Gowing Law’s expert solicitors will make sure to give you advice on how your claim will be calculated. They can help you understand what you are owed and how you can claim it.

Will my tax bracket affect the amount of pay-out I receive from a PPI tax refund?

Yes! The amount of tax you pay will determine whether or not you could be eligible for a pay-out. Your pay-out is determined in relation to whether or not you went over your PSA and the wage from your job status. If you went over your PSA then it was very likely that you were going to have some of the pay-out deducted. Take a look at the tax brackets below. That way you can get a better idea of whether or not you could get a pay-out:

Top Rate Payer (45%): Unfortunately, you will not be eligible for a PPI tax pay-out.
High Rate Payer (40%): £500 tax free
Basic Rate Payer (20%): £1,000 tax free

If you are feeling confused about whether or not your tax will affect your claim, make sure to speak to your solicitor about your concerns. It’s always best to be sure about whether or not you could be eligible for a claim. Having a solicitor on your side can make you feel secure when you try to get your pay-out. Your solicitor can ensure you get all the advice that you need. That way you can feel confident that you are going to get a valid pay-out. Feel free to leave the complicated paper-work to them so you can get the compensation that you deserve.

Can I make a PPI Tax refund claim if I wasn’t paying any tax during the year?

If you have received a pay-out for your PPI, you should be able to make a claim even if you have not paid tax over the last year. There is only one reason why you shouldn’t get your full pay-out. That is if your statutory payment ended pushing you over your PSA. If you are still feeling concerned about whether or not you could be eligible for a claim, Gowing Law’s specialists can ensure that you get the best advice possible to help you get the pay-out that you deserve. All you need to do is let our team know how we can help you.

How will a solicitor be able to help me with my PPI tax refund?

The best thing about having a legal specialist on your side is that if you can get advice about your PPI tax. We will always be there to help with your claim when you need it the most. We understand that tax claims can be extremely complicated. That’s why it’s useful to understand how you can make a valid claim without having to fill out any complicated forms. Our lawyers will make sure to do all the hard work for you, even if you have already been rejected for a claim. You may have made a very simple mistake that could have invalidated your claim. These are easy to sort out. Our lawyers can even speak to HMRC on your behalf.

Here are some additional reasons about why you should have a lawyer help you to sort out your PPI Tax claim:

Expert advice when you need it the most
Legal assistance to speak with HMRC on your behalf.
Fill out any additional paperwork
Avoid any simple mistakes that could invalidate your claim
Quick communication to get your claim sorted
Support when you need it the most during your claim

How long will it take to make a PPI Tax claim?

It will take you around 6-8 weeks to make a PPI Tax claim with Gowing Law Solicitors. However, please keep in mind that due to the current delays in the UK court system, it may take a tad longer. Your tax solicitor will do their best to keep you updated about your claim. They can tell you a timeline of claim to let you know how well it is progressing. They can also inform you of any challenges they may face and how they can be sorted. If you are concerned about the time it takes to get your pay-out, speak to a solicitor. They can give you peace of mind and let you know where your claim stands.

Speak to Gowing Law Solicitors today about your claim

Here at Gowing Law Solicitors, we are proud to be able to help people around the country. We are specialists with PPI Tax Claims. Our specialists will be able to help you and make sure that you get the pay-out that you deserve. You can come to us for no-obligation advice and consultations to get started. If you are happy to work with our solicitors, we can offer you our services on a “no win –no fee” basis. That means you will always be able to come out on top. There will be no hidden fees and you will only need to pay our lawyers if we win your case. So, what’s stopping you from getting in contact today?

Contact us to get started with your PPI tax claim today! Call us on 0800 041 8350, email info@gowinglaw.co.uk or use our claims checker. One of our tax specialists will then get in contact as quickly as possible to discuss your claim with you.

Learn more about PPI Tax claims

Don’t forget that Gowing Law’s blog is updated with new content every week. This includes information about tax claims, personal injury claims, insurance claims and much, much more! If you have a suggestion for our blog, feel free to share it with us by emailing info@gowinglaw.co.uk. One of our helpful team members will be in contact about when we will write about your ideas. We also update our blog with information about different seasonal events and holiday topics.

You should also keep an eye on our social media feeds to see our most updated videos and latest giveaways. We tend to celebrate holidays with new competitions and informative campaigns. So, make sure to follow both our Twitter and Facebook. You can find links to both our pages at the bottom of this blog.

We wish you the best of luck with your claim and look forward to seeing you in our next blog!

Stress & Psychological Issues: Could you make a work accident claim?

Posted on February 15, 2021 by Hannah Fletcher - Accidents in Public, Blog, Uncategorised, Work Place Accidents

How have you been coping working from home? It may feel like it has been a very long time since you have stepped foot inside of an office. However, if you have previously suffered from an injury when you are at work, you will still be eligible to make a work accident claim. As you are recovering through the lockdown, you may start to feel isolated, vulnerable or worried that you cannot get the help you need. So, the question is, could you make a claim if you are experiencing stress and psychological issues when you are working from home?

According to the HSE, around 12.8 million working days are lost due to stress related issues and emotional distress. Your employer has a “duty of care” towards you and your fellow employees. Even if you are currently working from home, they should be checking in with you to ensure that you are doing okay. However, if you are feeling like you cannot cope due to your work load or job duties, this could be cause for making a psychological injury claim.

If you have suffered from a work accident then Gowing Law’s solicitors can help you get the compensation that you deserve. Click the link below to learn more about how our lawyers can assist you with any legal questions about work accident claims:

Making a work accident claim: Emotional Damages

When it comes to making a work accident claim, you may feel a little concerned about whether or not you could claim for emotional damages. Now in terms of a work accident claim, to claim for emotional damages you will need to have suffered from physical damages. However, there is a chance that you could suffer from psychological damages that could mean you are eligible for compensation. It entirely depends on your own personal situation and how your work accident has affected your life. Keep in mind as well that if you believe that your employer has caused you to suffer from psychological issues then you may have the right to schedule an employment tribunal to get any issues addressed and sorted as quickly as possible.

Make sure to keep this in mind if you are considering making a work accident claim. You will need to think carefully about the type of compensation you are claiming for. After all, the type of claim that you decide on will ultimately affect how much of a pay-out that you receive.

What could cause psychological issues or stress in the workplace?

When you take on a new job or position in a firm, you go in with certain expectations about how you are going to be treated and how much stress is involved in your position. Unfortunately, your work-place can cause certain psychological issues if too much pressure is placed on you. This work stressed is defined by the HSE as an

“Adverse reaction people have to excessive pressures or other types of demand placed on them”

Workers react differently to stress, however it could lead to them making mistakes, burning out or simply looking for other employment. It could also have a psychological impact on their mental wellbeing.

Here are some examples of work-related stress:

These are only a few examples of how you could suffer from mental fatigue or any sort of work related stress. It’s important that you speak to your manager to let them know that you are suffering from these problems. Your manager owes you a “duty of care” when you go to the office. If they cannot provide a safe environment that supports the employee’s mental and physical health then they could be held responsible for any damages that you experience. The damages you experience when it comes to psychological trauma may include:

Physical damages (i.e. repetitive strain injuries)
Equipment Damages
Loss of Earnings/ Financial Damages
Aggravated Damages (If you have been mistreated by your employer)

Should my employer should be checking up me during lockdown?

Although this may not relate precisely to a work accident claim, but it is important to discuss due to the mental health of employees. 2020 has been a difficult year for everyone, that’s why it’s important that you understand how you can keep yourself safe whilst you remotely work. Your employer should be trying to check in on your mental health to ensure that your duties are not overwhelming you. It can be difficult to adjust to this new way of life, but your employer should be doing what they can to make sure you have the supplies needed to complete your job. Only 5% of people actually worked remotely before the pandemic, so it is not surprising that you may feel overwhelmed or nervous about what could be in store for you in the future.

It can be difficult to adjust to office life when you are working from home. Back in the office, you may have been used to taking breaks, moving away from the computer to rest your eyes and not overworking yourself to the point of exhaustion. But at home, it can be difficult to understand boundaries and where to stop. That’s why it’s important that your manager helps you to adjust and gives you the technology to do your job. They should also provide you with mental health assistance or even therapies if you find that you are struggling.

Make sure to always keep an open communication with your work-place. That way they can know what is happening in your life and whether or not they need to make adjustments to support you.

Mental Health & Work Accident Claims

One thing that we would like to discuss about stress and psychological issues is that a lot of them can occur due to the physical injuries that you may have experienced in the workplace. A work accident can have severe consequences on your mental health, especially if you experience an accident that changes your life. Take a look at our example below to get an idea of what could happen to you:

As you can see, very simple injuries can have large consequences when it comes to mental health. Any sort of small injury can have a big impact on the lives of people. They can make you struggle to feel secure about yourself and whether or not you are going to be okay. It can also have a knock on effect to your finances, as you may be required to spend time at home in order to recover. This can create a negative circle effect as it can cause more stress that affects your mental health. You are trapped in this repetitive circle until you get compensation for your injuries or you manage to heal up. But even then you may still feel worried about returning to your work place.

Can I make a work accident claim if I get injured at home?

As we are all working remote right now, you may feel a little nervous about making a claim if you have got hurt. You don’t want to put yourself at risk and so feel like you just want to stay at home and try to recover in your own time. If you got hurt whilst you were in the office during your work hours, you could be eligible for pay-out. However, if you were working from home it is very unlikely that you will be able to make a valid claim if you are hurt. It is your responsibility to look after yourself and make sure your environment is safe to work in. Your employer will check up on you to ensure that you are doing okay, but it’s important that you help them help you.

Here are a few things to do to help you keep safe and healthy whilst you work from home:

Take regular 5 minute breaks to rest your eyes and to avoid screen burn
Take a full lunch and use your hour break to rest
Go outside to get fresh air and sunlight during the day
Stand up regularly and speak to your friends and family
Get dressed professionally to put you in the mood for work
Exercise regularly and rest up with meditation

In the workplace, if you were not keeping yourself mentally and physically safe, it would be likely that you would have a meeting about it with HR. As you are at home, you may find it harder to talk to people about how you are feeling or your daily work routine. Just remember to keep safe whilst you do it.

Can I claim any other types of damages?

Now that we have discussed whether or not you could claim for an emotional damage in relation to your mental health and psychological trauma, it’s important that you understand that you could also claim for other types of damages that have affected you and your daily life. Wherever you were hurt, the person who was responsible for you getting injured owed you a “duty of care”. If this duty was not upheld, you will find that you are a victim of negligence. That means you can claim for any damages that you sustained because of your accident. These damages may include:

Physical damages
Financial damages
Technology damages
Loss of opportunity (i.e. Work promotions)

It’s important that you understand that your evidence can be collected before, during and after the accident. But keep in mind that with the current lockdown, you may find it difficult to collect certain pieces of evidence. Your evidence can include:

Photographs
Video/CCTV/ Dash-Cam Footage
Witness Statements
Receipts
Medical Reports
Police Reports
Correspondence
Diary Entries

Your solicitor can help you collect evidence to assist you with your claim. Just remember that your health should come first, especially if you are not well enough to make a claim. Having a lawyer on your side will make sure that your claim is handled quickly and efficiently.

How much could I claim from a work accident claim?

Now, when you make a claim, the amount that you receive will depend on the individual circumstances of your case. For instance, if you ended up with serious damages that had a long recovery period, you would end up with a higher amount of compensation than someone who is suffering from a repetitive strain disorder or a sprained muscle. The best way for you to find out how much you could be owed is through your solicitor. They can help you create a timeline for your case. Your lawyers can then let you know an estimate of how much of a pay-out that you could be owed. This will depend on the extent of your evidence and how much you could get from your settlement agreement.

Be patient and allow your solicitor time to get through your claim. It may also take time to get this claim sorted. So, feel free to speak to your lawyer about any delays that may happen. This is due to the current lockdown and the delay with the UK court system.

Make a work accident claim with Gowing Law Solicitors

Here at Gowing Law Solicitors, we are always ready to help you with your claim. We have specialists who can give you free advice and consultations. If you are interested in working with our experienced lawyers, they can offer their services on a “no win-no fee” basis. That means you will never need to pay any hidden fees. Instead, we will be upfront about our costs. We will then let you know when you will need to pay your solicitor for their services.

Contact our law firm today to get started with your claim. You can call us at 0800 041 8350, email info@gowinglaw.co.uk or use our claims checker to get started.

How can a solicitor help you with a Business Interruption Insurance claim?

Posted on February 11, 2021 by Hannah Fletcher - Blog, Business Interruption Insurance, Covid-19, Uncategorised

Business Interruption Insurance claims are here to support you and your business when you need it the most. We understand that 2020 was an extremely difficult year for business people all over the UK. Covid-19 has thrown the world on its head. Within four months of its arrival, businesses all over the UK were asked to close in a nationwide lockdown. Since then there have been a number of schemes put out to support business owners, however, many people have been struggling to get a valid pay-out from their insurers. This is because Covid-19 and the unprecedented lockdown were most likely not included within your policies.

We understand if you feel a little unsure about what to do if you have already tried to claim business interruption insurance only to be rejected. This is where Gowing Law’s experienced solicitors can step in to support you. We have corporate solicitors and forensic accountants available to go through your contract with a fine-tooth comb. If they see that you have a valid claim for compensation, they will make sure you get the pay-out you deserve. In some cases, you could be owed £10,000s!

With over 700 policies now eligible to get you a pay-out, you could be missing out if you do not make a claim. Call us up today on 0800 041 8350 or visit our Business interruption insurance claim page below.

Can I make a business interruption insurance claim about Covid-19?

If you have recently opened a business, you will want to keep that business as safe as possible. You cannot predict every disaster that will happen in your shop. For instance, if a work accident occurs or one of your customers gets hurt, you can use your employer’s liability insurance. However, if a bigger disaster happens then you will need the right insurance to recover from the damages. This is where business interruption insurance can help you recover any losses that you have experienced. It is especially useful for those who have lots of stock that may need to be replaced in the event of a disaster.

Here are some examples of what your business interruption insurance can be used for. Don’t forget that you can also ask your solicitor for more information on what you can use your claim to finance.

Now, originally, you may have had trouble actually receiving a pay-out because of the pandemic. It is true that you had to shut down your business for the lockdown and the pandemic, but these clauses may not actually be written into your contract. This is where your insurer may have originally tried to stop you from receiving your pay-out. However, the Supreme Court has now stated (through a test case) that a business interruption insurance claim can have clauses that include pay-outs for losses experienced during the pandemic. You just need to understand which clauses will validate your claim.

Which clauses will make me eligible for a business interruption insurance claim?

Every contract for business interruption insurance is going to be different. After all, every business is different. That means you are going to be focused on certain problems that could affect your business and your employees. You want to keep them safe. If they are off work then this could affect how much your business earns and the overall income of the company. For instance, if you have a lot of expensive products that belong in a warehouse, you may want to focus mainly on criminal activity and pay-outs about stolen stock. However, if you want to claim for any damages caused by the lockdown and Covid-19, there are three clauses in specific that are going to help you. These include the:

According to a report from the FCA about these clauses (and the outcome of the FCA trial case), it is possible that:

“The ‘disease’ and ‘prevention of access’ clauses in the representative sample of 21 policy types provide cover in the circumstances of the coronavirus (Covid-19) pandemic, and that the trigger for cover caused policyholders’ losses.”

This shows that if you have either of these clauses, or at least a hybrid clause of the two together, you could get a pay-out. However, it does not mean that you get an automatic win. You will need to provide evidence to show how your business was affected by the current climate and lockdown of the UK.

Evidence may include:

Marketing Forecasts/Reports
Proof of your income
Proof of your expenses
Reports from workers/employees
News & Trend updates

Having a solicitor on your side can help you distinguish what you could eligible to claim in terms of a pay-out. It will also help you avoid any pitfalls in terms of a lack of evidence. If you are unsure about how you can make a claim, or if you are eligible for a pay-out, a lawyer can provide you with the best advice possible on how to move forward.

How can a solicitor help me with my business interruption insurance claim?

Here at Gowing Law, we understand that you may be feeling anxious or unsure about how to proceed with your claim. Getting to grips with any sort of insurance contract can be difficult, and with the current stress of the pandemic, you may be struggling to find the time to balance your business as well as an insurance claim. You can use a broker or your insurer to learn more about your eligibility for this type of claim, but we would honestly recommend seeking the advice of an experienced solicitor.

Your business interruption insurance claim solicitor can go through your policy carefully to check for your eligibility and the type of policy you have. As the Supreme Court’s decision is still quite new, you may feel unsure about what it means as a whole and what the new policies are all about. That’s why it’s a good idea to have a legal specialist do this for you. Gowing Law’s solicitors keep updated about the latest information about these types of claims, and how any changes could affect your case.

We can also help you challenge your insurer on your behalf. You may feel defeated if you have already tried to make a claim, only to have your insurer reject you. This is where we can step in to speak to your insurer about their decision. Your solicitor can spend time going through your claim to make an argument that will validate your claim. We can even go to court to get your settlement negotiated quickly and efficiently.

Can a solicitor help me with my claim if I get assistance from the government?

Throughout the pandemic, you may have been seeking assistance from the government in order to sustain your business. It is completely understandable if you have decided to move online and ask your employees to remain on furlough throughout the pandemic. Even if your business remained open, but you needed to implement strict social-distancing regulations to keep it safe, you could make a claim with the help of an experienced solicitor.

Having a Corona Virus grant from the UK government will not change the fact that you need the financial aid to sustain your business. The government will be completely aware that you are trying to make a case against your insurer. So, don’t worry! Your solicitor will make sure to work on your behalf to ensure you get the pay-out that you deserve. They can even contact your insurer on your behalf if they have already rejected you for a pay-out.

Will a solicitor charge me if they help with my business interruption insurance claim?

As Gowing Law’s team work on a “no win-no fee” basis, that means they will never charge you for their services unless they win you your pay-out. There will be no hidden fees and they will always talk about any charges upfront. That means you will always come out on top. If our solicitors do help you collect a successful pay-out, the fees that they will ask for will be 25% + VAT of any money that you receive from your insurer.

How much could I get from my pay-out?

Honestly, this is a question that cannot be answered. This is because every claim’s case is different and the circumstances will affect your overall pay-out. For instance, if you have experienced damages from Covid-19 and the lockdown, as well as a break-in that has affected the amount of stock you have, you could claim for more compensation than someone who needs the money to Covid-proof their office. It will also depend on the type of clauses that are in your contract. This is why it is essential to have an experienced lawyer go through your contract to ensure that you have the correct clauses that can get you a high pay-out.

How long will it take to make a claim?

Again, this depends on the type of case you have and how complicated it is. If you have been rejected for a claim, and are seeking legal guidance, it may take longer than someone who has made their very first claim. You need to be entirely upfront with your solicitor about any problems that may affect your claim. In return, your lawyer will do the same and set out a timeline of how the claim is expected to proceed. However, there may be additional delays due to the current pandemic. Be patient with your lawyer, but feel free to ask any questions!

Contact Gowing Law Solicitors today to help with your business interruption insurance claim

We understand that it can be daunting to take on any sort of legal claim. Covid-19 has changed the world and it is going to be difficult to adjust to this new normality. That’s why Gowing Law Solicitors wants to make sure that you get a pay-out that can help you sustain your business for as long as possible. We can offer you free advice and consultations on your claims. If you are happy to move forward with your claim, we can work with you on a “no win-no fee” basis. As we stated before, this means you will never need to pay a fee to our solicitors unless we win your case for you. So, what’s stopping you from getting in contact with us today?

Reach out to our law firm and call us on 0800 041 8350, email bi@gowinglaw.co.uk or use our claims checker to get started. One of our specialists will quickly get in contact to speak to you. All you need to do is fill out your contact details and we will be in touch as soon as possible.

Ready to read more about your claim?

Why not brush up on your knowledge of business interruption insurance claims by visiting our blog page? We always update our blog with the latest information about insurance, tax and personal injury claims. That way you can understand the basics before you start working with your solicitor. You can also find information about our seasonal events and updates about our law firm. If you have a question that you would like us to address through our blog, why not send in your suggestion to info@gowinglaw.co.uk? If we write about your idea, we will let you know so you can find out what our experts have to say on the issue!

You should also keep an eye on our social media feed. Not only do we have weekly videos about specific claims information, but we update our feed with information about our latest giveaways and seasonal events. For instance, we are hosting a Valentine’s Day giveaway where all you need to do is leave a review, like and tag someone in our social posts. You could win a £30 M&S pamper gift bag! You can find the links below to follow our Twitter and our Facebook.

We look forward to hearing from you soon about your Business Interruption Insurance Claim!

Business Interruption Insurance: Why was I previously rejected for a pay-out?

Posted on February 11, 2021 by Hannah Fletcher - Blog, Business Interruption Insurance, Covid-19, Uncategorised

If you are reaching towards your business interruption insurance, it is likely because your company has been experiencing hardships during the pandemic. Covid-19 has changed the world completely. In a single year, the unemployment rate has risen to 5% in the UK. That is because the pandemic has forced many businesses to close their doors. Many companies have resorted to continuing online. However, as they are unable to remain open to the general public, they have experienced great financial damages.

The pandemic may have caused great losses within your business that were not your fault. That’s why you tried to make a business interruption insurance claim. If you were rejected, don’t worry, you are not alone! Many business owners have been rejected for a pay-out due to the fact that their policies do not cover for any sort of business losses caused by a pandemic. That’s why it’s important to have an experienced solicitor on your side to give you support and advice with your claim. Gowing Law’s experienced claim solicitors are here to help.

Call us today on 0800 041 8350 or click the link below to begin with your claim:

What is Business Interruption Insurance?

When you create a business, you go into it knowing that there is a chance that things could go wrong. You get employer liability insurance to protect yourself, employees who suffer from work accidents and any customers who get hurt on your premises. However, there is a chance that you could experience more extreme incidents in the future that could force you to make a loss. This includes criminal activities and natural disasters (such as flooding and fires). If you are the type of business that owns a lot of stock you may have invested in this insurance in order to have financial support if the stock needs to be replaced if it is damaged.

Overall, if you have purchased business interruption insurance, the main aim of it is to put you back in a steady financial position that you would have been in before an unexpected event caused losses. That’s why a lot of companies have now been asking if their policies actually cover Covid-19 and any losses that have come about due to the lockdown and the pandemic.

Why would I be rejected for a Business Interruption Insurance Claim?

Previously, you may have struggled to actually get your insurer’s pay-out due to the fact that they did not believe that your policy covered you for damages within the pandemic. That’s why you may have originally been rejected for a claim. Business interruption insurance contracts cover different things, depending on the type of business that pays for them. However, if you had cover for diseases, you may have struggled to receive a pay-out because Covid-19 was only classified as a notifiable disease on the 5th March 2020. Some companies will only cover very specific diseases, which should be listed in the contracts. Therefore, the wording of your policy becomes important when it comes to getting compensation. A claims solicitor can help scrutinize your contract to see if you could be eligible for a pay-out.

With the supreme court deciding in favour of Covid-19 related pay-outs, it’s important that you take a look at your contract to ensure they fall under the right clauses. Here are the three clauses you will need to be eligible for an insurance pay-out:

As the courts have decided that Covid-19 interruption to businesses could call for an insurance pay-out, these clauses will become an essential part of getting the compensation that you deserve. Before, you may have been rejected because Covid-19 was not classified as a notifiable disease. You may have also been rejected because during the tier system, you closed your business without it being an action enforced by the government (aka. it was a business choice of your own free will.) However, there is a chance now that your claim could be reconsidered if it has already been rejected. That’s why it’s important that you get in touch with a solicitor as quickly as possible about your business interruption insurance claim.

Alternative Reasons for Rejection: Business Interruption Insurance

Building on the previous point, we would just like to reiterate that there could be other reasons why you were rejected for a pay-out outside of Covid-19 and the current pandemic. According to the FCA:

“The test case was not intended to encompass all possible disputes, but to resolve some key contractual uncertainties and ‘causation’ issues to provide clarity for policyholders and insurers.”

This implies that whilst this decision from the Supreme Court to include Covid-19 as a reason for a pay-out does not mean you will automatically receive it. There is still a chance that your own business decisions were the reasons behind your overall financial loss and business interruption. For instance, if your business deals with oil supply, you may find the costs of this product have risen over the course of this year, meaning that there is a chance you may struggle to keep up with payments. However, if you believe that you and your business were ultimately the victims of the pandemic, you have the right to make a legal claim. In some cases, you may even be able to make a co-ordinated legal action against your insurer in relation to non-payments.

What should I do if I have been rejected for a business interruption insurance claim?

It can be incredibly disheartening to be rejected by your insurer in light of the current events. You have tried everything to keep your business afloat during the pandemic. That’s why you may feel as if you have been let down by your insurer and other people who are supposed to be there to help you in your time of need. We understand that it is a very sensitive time for you. That’s why we want to be there to support you throughout your claim.

If you have been rejected for a claim then you do have the right to make an appeal. When you made a business interruption insurance request, it may have been before Covid-19 and the lockdown were classified as genuine reasons for a pay-out. There may also be specific wording in your contract that needs a legal expert to read over in more detail.

Even if you have already been rejected for a claim, Gowing Law Solicitors can help you through this difficult time. Our forensic accountants and corporate solicitors can give you free advice and will be happy to look through your contract. If you have a business interruption clause then you will have a valid claims on your hands. Our lawyers can then start the arrangements to make a claim against your insurer to win you the pay-out that you deserve.

How much could I receive from a pay-out from my business interruption insurance?

When you make a claim to receive business interruption insurance, the amount you receive as a pay-out will depend on your own personal circumstances. You will need to look at the contract you have agreed to and have a solid argument prepared as to why you need an insurance pay-out. Your contract will let you know what could constitute the need for compensation, including criminal activities against you, your employees or general business or natural disasters (such as flooding, fires and infestation). However, you will need to prove that you were not responsible for these “disasters”. Your evidence can include:

Proof of the amount of income you receive from your business (to prove you have lost income)
Your trade history
News, facts and figures about marketing trends
Business/Loss Assessors and Forecasts
Statements from employees and business partners

If you decide to work with a solicitor, they can work through your contract. That way they can provide you with estimates about how much you could be owed if you make a claim. Even if you are already receiving government assistance, you could still make a claim with the help of our experienced lawyers. Just keep in mind that there are a number of pitfalls that you could experience in relation to a pay-out. Here are a few examples that you should be aware of throughout your claim:

Your solicitor can help you avoid these pitfalls by going through your contract with a fine tooth comb. That way you can work with them to get a valid pay-out. You can use it to support your business and employees.

How long will it take to make a claim?

Although it will only take one day to assess whether or not you have a valid claim on your hands, it’s important that you understand that every claim is different. That means that some claims are going to take longer to sort out than others. For instance, a claim that has been previously rejected and has very generalized clauses is going to take longer than a claim that has a very direct disease clause. Be patient with your solicitor and give them the time to build their argument. The more time you allow them, the more likely it is that you are going to receive a pay-out from your insurer. Feel free to ask questions about the progression of your case. Your solicitor will always be willing to talk you through what you should expect in the upcoming weeks.

Gowing Law Solicitors can support you with your Business Interruption Insurance Claim!

Here at Gowing Law Solicitors, we understand that this is a very sensitive time for a lot of our clients. The pandemic has thrown a lot of business owners on their heads and they need support. Even if you have already been rejected for a claim, we have experienced forensic accountants and corporate solicitors here to help you. They can give you no obligation advice and consultations to start with. That way they can look through your contract. Then they can ensure that all of the support they provide is tailored to your situation. If you are happy to work with them, they can offer their services on a “no win-no fee” basis. That means you will not need to pay any hidden fees. Instead we will always be upfront with our costs to ensure you feel comfortable making your claim.

If you want to contact us, you can call us on 0800 041 8350, email us at bi@gowinglaw.co.uk or use our claims checker. From there, one of our lawyers will be in contact to discuss your claim. Feel free to direct any questions towards them!

Ready to read more?

Don’t forget that you can read more about business interruption insurance from Gowing Law’s blog page. We are proud of all of our content as we update it weekly with new information about UK legal claims. This includes information about tax claims and personal injury claims. You can also learn about our latest seasonal giveaways, events and updates about our law firm. If there is topic you would like us to cover in our blog, feel free to let us know. You can send in your suggestions to info@gowinglaw.co.uk. One of our law writers will let you know that they are going to write about your ideas. We will also let you know when the blog has been uploaded.

Make sure to also follow our social media pages for our latest videos and giveaways. Right now, we are hosting a Valentine’s Day giveaway where you could win a £30 pamper gift bag. All you have to do is leave a review of our firm, tag someone and share our post. We will then draw a winner randomly. It’s that simple to get involved, and we tend to host these competitions, alongside our normal content, quite regularly. You can find the links to our Twitter and Facebook below.

We wish you the best of luck with your claim and look forward to helping you soon!

Covid-19 & Business Interruption Insurance: Have you heard the latest updates?

Posted on February 10, 2021 by Hannah Fletcher - Blog, Business Interruption Insurance, Covid-19, Uncategorised

If you have bought business interruption insurance, you may have done so in order to protect your firm. You need to be prepared just in case you experience damages that interrupt your business as a whole. Normally, this would be in relation to flooding, criminal damage or gross loss of income due to unexpected events. Naturally, what you are insured for depends on the policy you have signed with your insurance provider. However, due to the current pandemic, a decision has been made by the supreme courts. It has been decided that insurers should pay companies that have been financially affected by the enforced lockdown. The entire pay-out depends on the insurance that has been taken out.

If you are one of these companies that has taken out business interruption insurance, you could be owed compensation from your insurer. Unfortunately, you may be having trouble claiming your insurance pay-out due to the fact that your insurer is simply refusing to pay-out. As the Supreme Court has ruled in favour of insurers providing damage pay-outs to those with the appropriate policy, you may need legal assistance to ensure you get a pay-out that can support you through this difficult time.

Gowing Law Solicitors can help support you through this difficult time and get the compensation that you deserve. Our solicitors are experts in the field and will be able to give you personalized advice to help with your claim. Call us on 0161 464 4444 to get started or learn more from our business interruption insurance claim’s page:

What is Business Interruption Insurance?

If you have opened a business, it’s logical that you are going to want to claim as much protection for it as possible. You have raised your business from the ground upwards, therefore having a safety net in case of a disaster (such as fires, flooding and criminal activities) can give you peace of mind in the face of adversity. This is what business interruption insurance is all about.

The types of cover this insurance will provide depends on the writing in your contract. Every business is different and therefore requires different types of security. To locate what is covered in your own policy, make sure to take a look at the “basis of settlement” agreement. This will show you how much you should get as a pay-out if your business is forced to close or experienced losses outside of your control.

The amount you will receive will also depend on your turnover and the amount of you normally pay in work wages. This will then be used to figure out your overall profits. Therefore, it will provide a basic understanding of how much of an insurance pay-out you will need in order to keep your business afloat during difficult times.

What will my business interruption insurance cover?

If you have taken out business interruption insurance, you have made the right decision. You are preparing for the worst and have most likely taken out third party insurance as well just in case an accident happens in the workplace. You should read your policy carefully before you sign anything, that way you can make sure that you pick the right contract that will fully support you throughout any disasters that occur in the future. Have a look at the infographic below to get an idea of what you could claim for:

These are only a few examples of what you could receive if you decide to make an insurance claim. Make sure to analyse your contract and see what will happen if you experience a certain type of disaster and how you would be compensated for your losses. So, if you went through a burglary and lost some equipment due to thieves, the pay-out from your insurance would be to replace the equipment and any damage that was done to your property.

If you feel concerned that your policy does not concern the things that are important to you, make sure to speak to your insurer or lawyer. They can let you know about how you can include the policies that are important to you and your business.

Business Interruption Insurance: What is the update about Covid-19 pay-outs?

Right now, if you own a business you may have had to close your doors unless you are providing an essential service. This is due to the pandemic and the UK lockdown. In order to lessen the spread of Covid-19, the government has issued a nationwide lockdown to protect its citizens. Unfortunately, this may have had an extremely negative affect on your business. After all, if you cannot open up your business for customers, how are you expected to generate money? This has had a knock-on effect for most businesses and employees in the UK. If a business cannot open, there is no work for an employee. Therefore, they cannot go to work and earn money. As you can see, the lockdown has very severe consequences for businesses around the country. This has got to the point where numerous businesses have actually ended up closing down as a result.

Now, as a last resort, many businesses have been trying to sustain themselves by reaching out to their insurer to claim for their business interruption insurance. After all, their businesses have been disrupted by a disease that was completely out of their control. In order to protect employees from a “work accident”, they have been told to shut down their doors.

Right now, the supreme court and Financial Conduct Authority (FCA) have announced that insurers. The policies for most insurance claims are written in language that is extremely unspecific about the actual things they cover. The main way to see if you are eligible is to see you are eligible for compensation is to have a “non damage” clause in your contract.

An example of these clauses could include:

If you fall into one of these clauses, it is likely that you could have a claim. The FCA have ruled in favor of businesses receiving support from their insurers. Therefore you have the chance to claim a pay-out that could support your business throughout the pandemic.

Why would my business interruption insurance claim be denied?

Here at Gowing Law, we understand that you want to make a claim because you want to support your business and your employees. 2020 has been a difficult year for all of us. That’s why it’s important to get financial aid when you need it the most. It is not your fault that your business was interrupted. Now you have to bare the financial brunt of what has happened.

During the business interruption insurance test, conducted by the FCA, 21 case types proved that business owners with a policy deserved a pay-out. These policies detailed “disease” and “prevention of access” clauses would be able to claim for a pay-out to support their businesses. However, there is always the chance that your insurance firm may try to find a reason not to provide you with a pay-out. Here are some examples of some of the pitfalls that you could encounter:

Examples include

A lack of evidence does not prove you experienced a disaster in your business
There was a limit on your own indemnity period
There was a liability limit on how much your insurer will pay-out

One prime example of how your insurer may try to avoid paying you is through the lockdown itself. Although you were asked to shut your doors during the lockdown, when the country was in the tier system, you may have had the opportunity to re-open. If you chose to remain shut during this, then your insurer may use this as an excuse. They could say you made the choice on your own instead of being forced. This is why it is so useful to have a lawyer on your side to ensure that you get the pay-out that you deserve. They will go through your contract and make sure to help you with any specific information that you affect your claims case.

Will I immediately be awarded a pay-out if my business has suffered from the lockdown?

Unfortunately, just because you have experienced losses because of the pandemic does not mean that you are automatically entitled to a compensation pay-out. Be aware that you will need to work with a solicitor. That way you can provide appropriate evidence. This evidence will show that the problems with your business have not come about by a fault of your own. It is estimated that around 370,000 people will be able to use their notifiable diseases cover in order to help get compensation. This will hopefully help keep this business afloat.

You will not be automatically entitled to a pay-out. However, you will be able to go through your contract. This is in order to make notes on how you could be eligible to receive a pay-out. How much you receive will depend entirely on your own circumstances, as well as how much income you make through your business. Do not exaggerate how much you could be owed. Instead, go through your paperwork carefully and note down everything you think is important. You solicitor can help you understand what you could be owed. Feel free to ask them any questions you may have!

Who should I use to make a claim?

If you are thinking of claiming for your business interruption insurance, you may be wondering if it would be wise to have an experienced specialist on your side. That way you can get the pay-out that you deserve quickly and efficiently. Now, most people would recommend that you speak with your insurer or you find a broker to give you advice. However, we would recommend that you speak with a lawyer. They understand that claims can be complicated. Therefore they are ready to go through your contract with a fine-tooth comb. That way you can get a valid pay-out. It may also be useful to speak with a forensic accountant or corporate solicitor.

Gowing Law Solicitors can help with your Business Interruption Insurance Claim!

We understand that making any sort of insurance claim can be complicated. That’s why Gowing Law’s trained business interruption insurance claim solicitors are here to support you. It’s important that you get support throughout this difficult period. That way you can get a pay-out that can help you, your workers and your business. All of our lawyers are extremely experienced with insurance claims and can give you personalized advice. We can offer you no-obligation consultations to discuss your claim. If you are happy to move forward with our solicitors, we can work with you on a “no win-no fee basis”. That means you will always come out on top. You will never need to pay any hidden fees.

To get started with your claim, call us today on 0800 041 8350, email us at bi@gowinglaw.co.uk or use our claims checker. A specialist will then be in contact to give you more information on how to move forward with your claim. Feel free to ask them any questions!

Learn more about Business Interruption Insurance on our blog!

Don’t forget that if you want to learn more about business interruption insurance claims, you can visit our blog! We update our blog with the latest information about different types of claims, including tax claims and personal injury claims. Don’t forget to check in every week to learn what we have been up to. We also talk about our seasonal events, latest giveaways and updates about our law firm. If you have a topic that you would like us to address in our blog, feel free to let us know! You can email your ideas to us at info@gowinglaw.co.uk.

We would highly recommend that you take a look at our social media channels below for new videos and updates. You may even spot one of our seasonal competitions that you can take part in. Click the links below to visit our Twitter and Facebook. That way you can find out the latest things that we have got up to!

Gowing Law Solicitors wishes you the best of luck with your claim. We look forward to seeing you in our next blog!

Could my job status affect my PPI Tax Claim pay-out?

Posted on February 8, 2021 by Hannah Fletcher - Blog, PPI Tax refunds, Uncategorised

Did you know that you could make a PPI tax claim from the safety of your home? We understand that as we are currently under lockdown, you will not want to leave your home unless it is for essential reasons. However, Gowing Law Solicitors can help you get your pay-out for this tax claim from the safety of your home.

With all that going on, we understand that you may feel unsure about whether or not this is the right time to actually make a claim. You could be between jobs or perhaps struggling with your own business right now. Either way, your job status may make you feel like the claim simply isn’t worth it. It’s understandable that you don’t want to waste your time if you feel unsure about whether or not you get a pay-out. Instead, you need expert legal advice to feel secure that you are eligible for making a claim. Well, this is where our expert solicitors can step in to help you.

Call Gowing Law Solicitors today to get help with your claim at 0161 464 4444 or use the link below to visit our PPI Tax claims page.

What is a PPI Tax Claim all about?

Before we jump into how a job status could affect your PPI tax claim and pay-out, let’s go back to basics. That way you can understand precisely why you could be owed compensation. PPI actually stands for ”payment protection insurance”. Originally, it was used to protect people who took out loans or financial obligations. This included credit cards, mortgages and catalogue payments. Unfortunately, in most cases, a PPI pay-out did not actually cover the payments. Instead, you will find that the majority of cases actually had PPI mis-sold to them, as it did not suit their situation. Take a look at our infographic below to learn how you may have sold PPI:

If you have been mis-sold PPI then it is likely that you received a pay-out from HMRC to get your money back. Unfortunately, it is likely that you did not receive the entirety of your pay-out due to the tax being taken away from it. So now your question should be, why was the tax taken away from your PPI pay-out? Most likely, it was automatically deducted because of your bank or the potential that you would be pushed over your personal savings allowance (PSA). Let’s learn more about what PPI Tax is all about!

Why was tax taken away from my PPI pay-out?

So, now that you know more about what happened with PPI and the HMRC pay-out, you may be considering why you had PPI tax taken away from you in the first place. Now, in quite a few cases, the deduction was automatically completed by your bank. In this case, you would simply need to prove that the PPI tax was mistakenly taken away.

Unfortunately, in other circumstances, it may have been taken away because of your PSA. It’s important to understand that your PPI pay-out is made up of three things:

The payments you made for your PPI
Any interest that was added on from your bank for your PPI
A statutory interest of 8% per year

The only thing that can be taxed from these categories is your statutory interest. If it was believed that the pay-out could have pushed you over your PSA then it is likely that the statutory interest would have been taxed. That means you would have lost out on part of your pay-out. Now, in most cases, you wouldn’t have gone over your PSA. Instead, it was just assumed that you would have gone over the amount you were expected to be at. This is why you can claim your tax back if you can prove that you did not go over your PSA and instead are owed your full pay-out.

Will my job status change the validity of my PPI Tax claim?

If you have decided to go through with your PPI tax claim, you may be worried about your job having an impact on the amount you get as a pay-out. Throughout the pandemic, many people have been experiencing job changes or have been put on furlough in order to keep getting a wage. The entire pandemic has turned the world upside down, therefore you may not want to consider what else a career change could affect.

The first thing we would like to say is that your job will not affect whether or not you receive a pay-out. Whether you are on a zero-hour contract, are self-employed or are working full-time, you could be eligible to receive a PPI tax claim pay-out. You paid for PPI and were entitled to receive a full pay-out when it was returned to you. If you can prove that you did not go over your PSA after you received your PPI pay-out, you have the right to have your overall pay-out returned to you. Your job status will not affect how much you receive. The only reason why you may not be eligible for pay-out is because your job’s wage and the amount of tax you pay has pushed you over your PSA.

Will I get a successful PPI Tax claim pay-out if I am currently working abroad?

Again, this falls under the same category as most job statuses do. In some cases, you may have taken out a loan (which included a PPI policy) to start a business abroad. Right now, if you are still abroad, you may feel worried that you are unable to get a valid pay-out. However, we would like to state that you will be able to get a pay-out with the help of a solicitor. You will be able to claim for your PPI tax if you have already received a PPI pay-out. The only difference is that your solicitor will need to use a different form to send to HMRC. Apart from that, you will receive the same advice that any other client would get.

Keep in mind that it also may take a little longer to get your pay-out as the cheque may need to be sent abroad. With the current pandemic, there may be delays. Therefore just be patient with your solicitor and with our law firm. We will do the best we can to get you the pay-out that you deserve.

How much could you get from a PPI Tax pay-out?

Another thing you may be considering is the amount of pay-out that you could receive from the PPI Tax pay-out. Everyone receives a different type of pay-out when it comes to their PPI tax claim. It entirely depends on the amount of PPI you paid into or how far over your personal savings allowance you are. The pay-out you receive may also depend on the amount of tax you have already paid into. Take a look at the estimates for a pay-out below:

Basic Rate Payers at 20%: £1000 tax free
High Rate Payers at 40%: £500 tax free
Top Rate Payers at 45%: Unfortunately you are not eligible for a pay-out

These are only a few estimates when it comes to the amount of pay-out that you could receive. The best way to figure out how much you are actually owed from your PPI tax pay-out is to speak to a solicitor about how much you could be owed. They can look at your personal circumstances and help you figure out whether or not you are eligible. Don’t be afraid to ask them questions about what you could be owed. Gowing Law’s tax specialists will always be here to help you get the pay-out that you deserve.

How long will it take to get a PPI tax pay-out?

Another question that you may have about your PPI tax is how long it may take to get a pay-out. Now, this is where things get a little tricky. We would say that the usual timeline for a PPI tax claim is around 6-8 weeks. However, with the current lockdown, it is likely that your PPI tax claim will take a little longer than expected. This is due to a backlog of UK court cases. It is also due to the fact that the majority of people are currently working remotely in order to avoid spreading Covid-19. Please be patient with your solicitor, however feel free to ask them for updates about your claim. They would be more than happy to answer any additional questions you may have about PPI tax claims in general.

How could a PPI Tax solicitor help me with my claim?

One of the best things about having a tax claim solicitor on your side is that they can work with HMRC on your behalf to ensure that you get the pay-out that you deserve. That way small mistakes can be avoided and you can get the pay-out that you deserve as quickly as possible. An experienced tax solicitor can also give you advice and free consultations to make sure you understand what could make you eligible for a certain claim. Even if you have already been rejected by HMRC, they will make sure that you get a second chance. Filling out paperwork can be tricky, that’s why we are here to ensure that it is all filled out properly. That way you know that your claim is in safe hands.

You can always ask for an update about how your claim is going from our firm. Our experts will be available at any time to talk you. So, feel free to keep checking in to see how it is progressing. Working on a PPI tax claim alone can get very demoralizing. That’s why it can be useful to have someone with the right legal experience encouraging you and giving you the right help. That way you can get your claim sorted as quickly as possible. Your PPI tax cheque will then be sent out to your home.

Gowing Law Solicitors is here to support you with your claim

No matter what sort of claim you need help with, Gowing Law Solicitors will be here to support you through it. Not only do we have tax specialists employed to help with your PPI Tax and Marriage Tax Claim, but we also can help with will-writing, financial mis-selling and personal injury claims. Feel free to contact us for free advice and consultations to start your claim. If you are happy to work with our specialists, our solicitors can offer their skills on a “no win-no fee” basis. That means you will always come out on top and will never need to pay any hidden fees. You will not need to pay your solicitor unless they win your case. This means that all costs will be entirely upfront.

Contact Gowing Law Solicitors today by calling 0161 464 4444, emailing info@gowinglaw.co.uk or by using our new claims checker. From there, one of our lawyers will be in contact. They will discuss your claim and make sure you get the support you need. Feel free to talk to them about your claim. You do not have to immediately work with them. Instead, find out the information that you need. Your solicitor can let you know how to proceed, if you are happy to do so. We look forward to helping you with your claim soon!

Learn more about PPI Tax Claims

Don’t forget that if you want to learn more about tax claims, all you need to do is visit our blog! We are proud that we are able to update it every week. This is with brand new content about legal claims, seasonal events and information about Gowing Law’s latest projects. You can write into us if you have a topic that you would like us to discuss on our blog. Send in your suggestions to info@gowinglaw.co.uk. You should also follow our social media in order to see our latest giveaways and competitions. We update it with links to our blogs and videos. You can find the links to our Twitter and Facebook below. Please follow them to learn more about our company and latest updates.

Could I make a marriage tax claim if I am retired?

Posted on February 5, 2021 by Hannah Fletcher - Blog, marriage tax, Uncategorised

A marriage tax claim is a great way to get a pay-out on any excess tax you have paid over the last few years, as well as a discount on any future tax that you will need to get sorted. There are only a few categories that you need to fulfil if you are going to make a valid claim. However, if you have already retired then you may feel a bit unsure about whether or not you could still be eligible. You are going through your golden years, therefore you deserve to be able to settle down and have enough money to relax with your partner.

If you are considering making a marriage tax claim, it’s important that you have the right legal assistance to make sure you feel confident that you are undergoing the right process to get your pay-out. Gowing Law Solicitors can give you advice to put your mind at ease when you make a tax claim. We understand that they can feel complicated, but our lawyers can use their experience to help you get the compensation that you deserve.

Click the link below to get started on your marriage tax claim today:

Why would retirement affect my marriage tax claim?

If you have recently retired, the last thing you will be considering is a marriage tax claim. Instead, you may be considering the type of pension you pick, as well as how you can avoid becoming the victim of a mis-sold pension scheme. There are three types of pensions that you may be considering. These include:

Once you have chosen your pension, or perhaps have started to receive money through it, you may change the amount of tax that you actually receive. This could affect the outcome of any marriage tax claim that you make. However, keep in mind that even if you do retire, you are still eligible to make a claim. Whether you are employed (or not) will never affect your actual job status. Instead, you will just need the help of an experienced tax specialist to get personalized help to ensure it won’t affect the validity of your claim. Before you think about whether or not your pension could affect the outcome of your claim, let’s get to grip with the basics of marriage tax claims. That should help you make an informed decision about whether you could be eligible for a pay-out.

What is a marriage tax claim?

As you can see from our case study, the success of a marriage tax claim depends on the amount of tax you pay, as well as the amount of wage you earn. A marriage tax claim is also known as a tax break. Throughout your life, you are going to be paying tax in order for it to go towards public services, like public transport and the NHS. However, if you are married then you and your partner may be paying too much tax. This is when you may want to make a marriage tax claim in order to reduce the amount you pay.

There are three categories that you and your partner will need to fit into. Take a look at our infographic below to get a better idea about how you could be eligible for this type of tax claim:

The reason why you and your partner need to fall into different tax bands is due to the fact that the lower earner needs to transfer their excess personal savings allowance (PSA) to the higher earner. This will allow the higher earner to pay less tax. This means that they will be able to get a discount on any future tax and will potentially be able to get their excess repaid to them.

How much could I get from a successful marriage tax claim?

Compared to making a PPI Tax Claim, marriage tax claims work a little differently in relation to their pay-outs. The purpose of this type of tax break is to get you an overall discount on any future tax that you and your partner pay. However, if you get a pay-out, it is likely because you are having any excess tax returned to you. This can be done by backdating your previous payments from the last 4 years. These can be added together and you will be given the overall total of your pay-out. Have a look at the excess you could earn over the last few years:

2015-2016: £212
2016-2017: £220
2017-2018: £230
2018-2019: £238
2020-2021: £250

Overall, you could be owed around £1150 if you backdate your claim for the previous four years, and for this year. However, you may be owed even more depending on the personal circumstances of your claim. Speaking to a solicitor can give you some peace of mind and help you to figure out a more precise estimate about what you are owed. They can also answer any additional questions about these types of tax breaks that may be playing on your mind.

How do the conditions of a marriage tax claim change when it comes to my retirement?

Now that we have discussed the basics of making marriage tax claims, let’s go onto the question in hand. Could a marriage tax claim be affected by my retirement status?

The first thing we should say is that being retired will not be the determining factor when it comes to making any sort of tax claim. You could be in full employment, on a zero-hour contract or self-employed. What matters really is the amount of wage you make and how much tax you pay. Even after you have retired, you will still need to pay tax from your retirement earnings. Depending on how much of a retirement fund you have, you may stay in the same tax bracket and therefore have nothing to worry about. If this is the position you are in, then you will be eligible to make a tax claim depending on whether you and your partner both fall into one of the tax brackets discussed. You will be eligible for a pay-out.

But how could it make me ineligible for a successful claim?

Unfortunately, if your retirement means that you start to earn less than what you were getting through your wage, it could mean that you end up changing how much tax you pay. Overall, this means that it could affect the validity of your marriage tax claim. The best way to determine whether or not you could be eligible is figuring out what type of tax you are paying alongside your partner. Remember, one partner must be paying basic tax whilst the other must not be paying tax. Another way of determining what you could be eligible for is to look at the amount of money you are earning. Earning over £12,500 will mean that you will most likely be paying basic tax. If you earn under £12,000 then you will not be paying tax at all.

Once you have retired, keep an eye on how much you earn. You can use this to see if you will be eligible to make a claim. If you are struggling to understand whether or not the change in circumstances has changed your marriage tax claim, Gowing Law’s solicitors can help you figure out if you could be owed a pay-out.

How can a marriage tax claim solicitor help me with my claim?

If you have just recently retired, you may be feeling concerned about how you can proceed with your claim. It can be daunting to make a claim. After all, you may not have the legal knowledge to understand whether or not you’re going to be eligible for the claim. This is where our solicitors can jump in to help you. They are experienced tax claims specialists. Our lawyers can give you all the information that you need to move forward with your claim.

A marriage tax claims solicitor can work with HMRC on your behalf to make sure all the paperwork needed for your claim is completed efficiently and mistake-free. That way an expert can ensure that you support you throughout the claim. They will make sure that you know exactly how much of a payment you are owed and how long it will take to get you.

We understand that you will want to remain remote during the lockdown. You should not be leaving your house unless it’s for an essential reason. That’s why our solicitors can make sure they can help you without exposing you to a public environment. Instead, all communication about your claim can be handled remotely by phone, email or video call. That way you can remain safe but still get the pay-out that you deserve. Our lines are open 24/7, meaning that you can contact us at any time for help. No matter what type of claim you have, our lawyers will be here to help you.

Don’t forget that Gowing Law Solicitors also helps with mis-sold pension claims!

As we have been talking about pensions and retirements, it’s important that we also let our clients know that we can also help them with any sort of mis-sold pension or SIPP claim. We want to make sure that you can retire in comfort and security. If you have suffered from a mis-sold pension scheme, this could impact you for the rest of your life. Unfortunately, you will not be able to get your investment back. However we could still help you get compensation for your losses.

Our mis-sold pension/SIPP page details a lot information about many different companies. This includes firms that have engaged in mis-selling SIPP schemes and pensions. If you are concerned that your own investor or financial advisor is on our list of unscrupulous firms, make sure to use our search function. That way you can learn more information about the company in general. This can alert you before you come to our experienced solicitors to start helping you make a claim.

Use our helpful form to get started today!

Learn more about Marriage Tax Claims from Gowing Law’s Solicitors

Here at Gowing Law Solicitors, we are proud to be able to offer our clients top-notch legal service. That’s why we are ready to help with any sort of marriage tax claims. We endeavour to get our clients the highest pay-out possible in an extremely reasonable amount of time. If you are feeling curious about making a claim, why not contact us to learn more? We can offer no-obligation advice to get started. This can all be undertaken remotely to ensure you remain safe whilst you have a consultation with our specialists. Our tax specialists can offer their services on a “no win-no fee” basis. That means there will be no hidden fees. Instead, you will only need to pay for our services if we win your case.

To find out more information about Gowing Law’s tax specialists, please contact 0161464 4444, email info@gowinglaw.co.uk or use our claims checker. One helpful law team will then be in contact to answer any questions that you may have.

We look forward to helping you with your marriage tax claim soon.

Learn more about marriage tax claims in our blog

If you are ready to learn more about making a marriage tax claim, why not visit our blog for more information? We update it with the latest content surrounding UK legal claims. However we also talk about seasonal events and updates about our law firm in general. We also use it to display our latest videos and competitions. It’s normal for us to hold seasonal competitions, so make sure to keep an eye on our socials as well. Our Twitter and Facebook are often updated with our latest content and news. Follow us and you should be able to get involved in our competitions and giveaways.

Don’t forget, if you want to learn more about a certain topic, we are happy to write about your questions. Send in your suggestions to info@gowinglaw.co.uk! To get started and one of our legal writers will update our blog as quickly as possible. That way you can find the answers you are seeking.

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How could my personal injury claim be delayed?

Posted on January 29, 2021 by Hannah Fletcher - Accidents in Public, Blog, Covid-19, Uncategorised

If you are trying to make a personal injury claim during the pandemic, you may be feeling concerned about how long it could take to claim your compensation. Things have not been easy over the last year. You may have felt nervous about making a claim because you were currently working remotely, or perhaps don’t fully understand how you could make a claim if you cannot get to court. That’s why you have been putting off making a claim for so long.

Here at Gowing Law, we would normally say that you should try to make your claim as soon as possible. That way you can avoid losing out on evidence or a high pay-out. However, we understand the nerves you may be experiencing during this difficult year. There is a chance that your claim could be delayed due to the current circumstances. Even if you experience a delay in your claim, our law firm will be here to support you and get you the compensation that you deserve. Even during the lockdown, our trained solicitors can give you expert advice to get you started on your personal injury claim.

Click the link below to visit our claims checker and get started on your claim:

Why are there delays right now with my personal injury claim?

Unfortunately, Covid-19 has affected the majority of peoples’ livelihoods. This has put people at risk of losing their jobs, their homes and, ultimately, having their lives turned upside down. It is a sobering truth that does put a lot of things in perspective. If you have suffered from a personal injury that has changed your life, the current lockdown may be forcing you to consider whether or not it is worth making a personal injury claim at this point in time.

You may be fearful that by going out to start on a claim you could catch Covid-19 from being in a public space. Not only that, but it is important that you adhere to lockdown rules to keep safe throughout this difficult time. This is why it is important to have solicitors to guide you throughout the pandemic about how you should handle a claim. If you do have a claim, make sure to seek remote advice from a law firm. They can let you know whether or not you could be eligible for compensation and how your claim will be handled whilst you and your lawyer are working remotely.

What could normally delay my personal injury claim?

Quite honestly, when people ask our solicitors how long a personal injury claim will take, there isn’t really a precise answer we can give in response. Personal injury claims depend on the extent of your injuries and how complicated your claim actually is. Here are several factors that could affect the timeline of your PI claim:

Your accident’s circumstances
How serious your accident was
How long it may take to gather your medical evidence
Whether or not the other party will accept liability for the accident
If you know the identity of the person responsible.

These are only a few of the examples of how your claim could differ from everyone else’s claim. Most of the time, your circumstances are going to be extremely individualized. This is because it depends on the type of accident you have and how difficult the other party acts in relation to the compensation claim. However, there may be more specific delay reasons that relate more the current lockdown. Take a look at our infographic below to find out more about how your claim could be delayed:

Medical Evidence: How do I collect it during the lockdown?

One of the difficulties that you are going to experience is actually collecting the evidence needed to back up your case. With any sort of personal injury claim, you need to show that you were the victim of negligence. So, for instance, if you suffered from a work accident claim, you may want to show that the messy work environment (covered in boxes, packages or any sort of supplies) caused you to trip and fall over. That meant that you suffered from their negligence. They owed you a “duty of care” in order to keep you safe whilst you were in a public area. If they failed to adhere to this, they could be liable for your damages.

With that said, the best way to prove you were not liable for your injuries is through evidence. Evidence can be collected before, during and after the incident. To show you what this means, have a look at our case study below:

You can collect evidence at any time during your case, however with the current lockdown you may struggle to go out and claim it. That’s why we would recommend that you only try to find evidence that is currently accessible. So, this may include photographs of your injuries or perhaps calls with your witnesses in order to collect statements. Collecting a medical report may also be very difficult right now due to the current pandemic. If you are prepared to wait a little longer to claim your report, then you may have to delay your future hearing.

Do you know what sort of evidence that you need to make a claim?

Even if you are only considering starting a case, it’s important that you use your evidence to back up your claim. That way you can show you are not at fault for what happened to you. Even if you want to wait a little while, though this is not what we would suggest, it’s better to have your evidence prepared for when you feel ready to take on a claim. It’s understandable that you may feel nervous about how big of a task this personal injury claim may be. That’s why it’s useful to know that you will always have a solicitor on your side to take the burden off you. All you need to make sure is that you have the evidence to back up your claim. Here are some examples of the evidence you can use if you want to receive a successful pay-out:

Photographs of your injury and the accident
Videos, CCTV evidence and Dash-Cam footage
Witness statements
Diary Entries
Receipts
Police reports
Medical reports
Communication with your insurers

Speak to our solicitors today to learn how they can help you have a successful claim. Just let them know the types of damages that you have suffered from (be they physical, emotional, financial or equipment damages) and your lawyers will be able to take it from there.

How long will it take to get an offer of compensation?

Another thing that you may need to consider when it comes to delays in your personal injury claim is your offer of compensation. It may take a little while to put your case together, however it is a different story when it comes to the compensation offer itself. The offer will depend on the defendant and their insurance company. A lot of the time, an insurance company will make a “low-ball” offer to the claimant. This is in hope that the claimant will accept it in order to get things wrapped up as quickly as possible. You do not need to accept this offer. Instead, if you are patient then you will find that a settlement agreement is offered in order to avoid the case going to court.

It’s also important to understand that in some cases, you may struggle to get a full pay-out. You may have to accept “split liability”, meaning that you both get a smaller pay-out for the damages. Remember, it may take some time to get your case sorted, so be patient and try to keep calm. You can ask your solicitor for any updates you may need in order to sort out any problems with the case. They will always keep you on track and can even help you create a basic time-line of how your case should proceed.

Are the courts still open to make a personal injury claim right now?

Generally speaking, yes! They are. The reason why the UK is experiencing a backlog of court cases is because of the UK’s first lockdown. That means that right now the court system is trying to catch up with the hearings that have already been delayed. In order to compensate for this, it is very likely that your hearing will be changed to an electronic hearing. That means you will have to go online and join a meeting through a video call.

This video call will include your judge and your lawyer. Therefore, you can speak with your lawyer to prepare yourself for the upcoming case. Make sure that you have good Wi-Fi and are settled in a quiet area so that you can hear the outcome of your case. Your solicitor can also work with you if you need any special adjustments made to help you throughout the hearing. That way an outcome can be reached in an appropriate amount of time.

Should I actually make a personal injury claim at this point in time?

Quite honestly, we would recommend that you make a claim right now. The longer you leave a claim, the more likely you are going to lose out on vital evidence that could affect the extent of your pay-out. We understand that you may feel uncomfortable about making a claim during the lockdown, but our solicitors will be here to support you throughout the legal process.

We can handle your claim remotely and ensure you get the advice you need to proceed through phone calls, emails and video calls. Our solicitors are always available to let their clients know updates about how their claims are progressing. All you need to do is ask them about how you can move forward. This can all be done from the safety of your home. That means you will never be put at risk and instead can feel safe whilst you get your compensation claim sorted.

Right now, Gowing law Solicitors is focusing on tax claims, but feel free to get in contact as well if you have a personal injury claim you would like us to help with! For more information on PPI Tax claims and Marriage Tax Claims, click the link below. They will take you to our tax pages where you can see our self-assessment forms. These only take a few minutes to complete. So, why not get started today:

Gowing Law Solicitors can help you with your personal injury claim!

Here at Gowing Law Solicitors, we are proud that we can offer support to all of our clients during this difficult time. No matter what sort of claim you have, our lawyers can give you no-obligation advice and consultations to get you started. If you are happy to work with our lawyers, they can offer you their services on a “no win-no fee” basis. That means there will be no hidden fees and you will always come out on top with your claim. That means you won’t need to pay your solicitor unless we win your case. So, what’s stopping you from getting in touch with us to begin your claim?

Contact us today by calling 0161 464 444, emailing info@gowinglaw.co.uk or by using our claim’s checker. One of our specialists will then be in contact to talk about your claim as quickly as possible.

The top five red flags you are the victim of a mis-sold SIPP scheme

Posted on January 27, 2021 by Hannah Fletcher - Blog, Pension Claims, SIPPs, Uncategorised

If you have been mis-sold a SIPP scheme, you may have lost a significant amount of money from your investment. This can leave you feeling scared and vulnerable. After all, you went into the investment thinking that you were going to increase the amount of your work pension. Instead, you may have been forced into a scheme that was completely unregulated by the Financial Conduct Authority (FCA) and not even realized it! That’s why it’s time for you to get compensation for your lost funds. However, you may feel a little unsure about how you can go about how you can get started with any case of financial mis-selling for SIPPs.

Gowing Law Solicitors can help you with your mis-sold SIPP scheme and make sure that you get the compensation that you deserve. Our team can offer you no-obligation advice and make sure you are always updated about how your claim is progressing. We have even created a quick claims form that you can use to schedule a call with our specialists!

Click on the button below to visit our mis-sold SIPPs page for more information:

What is a Mis-Sold SIPP Scheme?

SIPPs stand for “Self-investment personal pension’s scheme”. They are used to help you invest in certain plans that can add a little extra to your pension pot. A mis-sold SIPP scheme is very similar to a mis-sold pension claim. Initially, you may have invested in order to increase the amount of money received during your retirement years. It’s a very common thing to do, however, we would recommend doing it if you feel as if you have the investment experience to understand what a good investment actually is.

The type of schemes you can invest include new and upcoming projects that could require public investment to get going. Here are some examples of the schemes and assets that you could invest in through SIPPs:

UK and overseas stock
Shares
Investment trusts
OEICs and unit trusts
Insurance bonds
Property

If you don’t have the experience to know what sort of investment would best suit your own needs, it’s important that you speak with an investment advisor in order to get their opinions on how you could increase your pension. Make sure to do your research before you choose the best advisor for you. Always look up their qualifications or ask to speak to them before hand before any sort of contract is signed. That way you can avoid any bad investments before they impact you financially.

A bad investment does not count as a mis-sold SIPP scheme. Instead, you have to have evidence that you were not given clear advice before making your investment. This is what defines your investment as mismanaged.

What is an example of a non-regulated SIPP scheme?

Over the last few years, a number of different non-standard pension investment schemes have been created and offered to UK citizens. Unfortunately, the majority of these schemes ended up being mis-sold as they were non-standard investments. Instead of having a good outcome for the investors, the advisors ended up making a large commission. This meant that the majority of SIPP scheme investors ended up losing a lot of money from their pension, to the extent where it affected their livelihoods.

Some examples of these non-regulated schemes included:

As you can see, there are different types of schemes that may not actually qualify as SIPPs. Instead, they could have been mis-sold to you and forced you to pay out more than you actually needed to. You don’t want to be left vulnerable without your pension. That’s why it’s important that if you actually are the victim of a mis-sold SIPP, you get at least some compensation for it. That way you can feel confident that you will be able to support yourself in the future.

How do I spot a mis-sold SIPP scheme?

As you now understand what it means to be the victim of mis-sold SIPPs, if you are considering investing in a scheme, you need to keep an eye out for some red flags that could distinguish a good investment from a bad investment. To be eligible for a mis-sold SIPP claim, you need to fall into one of the following categories. One of our solicitors can then help you with your claim or you can seek advice from the FCA to see if it is a SIPP that they have already been alerted to it.

You can also click the button below to visit our mis-sold pensions form:

1. Your financial advisor was not as experienced as you thought

To be a successful financial advisor, you must go through training, get certain qualifications and also have experience in the field. That way the clients know that they are in safe hands when they turn to the investor for help. Unfortunately, this is not always the case. In some cases, the advisor may have not had the experience that you thought they had. Instead, they could have lied about their qualifications in order to secure new clients or to get you to invest in a certain scheme.

If you are going to invest on someone else’s advice then make sure that they are qualified to give it. That way you can feel secure that they are telling you the truth. You can also do your own research into the investments they suggest. That way you can feel more confident in their abilities and are not giving your money away without knowing the full facts.

2. There were more risks to your chosen SIPP scheme than were explained to you

When you pick a SIPP scheme to invest in, it’s important that your advisor tells you all of the risks that are associated with it. This includes how much you may lose if the scheme ends up folding or if there are any changes to the scheme. Your advisor should be willing to give you information on the full contract and what the potential problems are. That way you can be flexible and make a choice surrounding which scheme you actually want to invest in.

If you get pushed into a certain scheme instead of making your own choice, it could look as if you were forced into it. This is not allowed and you have the right to let the FCA know about it. You were pressurised into a certain scheme without knowing the full risk. Therefore, your advisor mis-sold you a SIPP scheme.

3. Your advisor received a commission for getting you involved in the scheme

A clear sign that you have become the victim of a mis-sold SIPP scheme is when your advisor has made a profit on your investment. Sometimes large SIPP schemes and companies pay off third parties to advise people to join the scheme. However, the investor does not know this until it is too late. This is why you may think that they are picking schemes that are personalized to you and your financial situation, but in reality they are trying to get the best deal for themselves. Sometimes, you may even find that you are cold-called out of the blue about specific schemes that get the advisor a commission.

A common trick is that one party will pass you on to another in order to convince you that the scheme is completely legitimate. Instead, they work for the same company and simply wish to secure a deal. You may also find that the details about the company are very vague, but the fees to join the scheme are extremely high. It is very likely that these type of schemes may dissolve before you see any return on your original investment.

4. You were not told how your money was going to be invested

Sometimes when you invest your money in certain schemes, you don’t actually know where it is going to be invested. You may initially think it is going into legitimate projects, but then find it was actually sent elsewhere. For instance, you may have thought that your SIPP was invested in hotels that were going to be created around Europe. However, years later these hotels still have not been created and you have not seen a return on your money. This is a sign that it may have been invested elsewhere or could have gone into the pockets of unscrupulous business people. This is a clear sign that you have become the victim of a mis-sold SIPP scheme.

Before you go into any sort of SIPP scheme, you must find out as many details as possible about the scheme. That way you can feel good knowing that you have made a solid investment without there being a chance of repercussion on you or your pension. If you want to know a fact, ask as many times as you like. If you cannot get an answer you are satisfied with, it is wise that you find a different scheme to invest in.

5. You were told to transfer your work pension into a SIPP scheme

Sometimes people dabble in investing in smaller schemes, but don’t actually have any interest in changing their work-place pension or fully investing their entire pension into a scheme. However, you may have done this if your financial advisor told you to. Despite having plans to simply remain in the same pension as you originally built up, this can look like an act of pressure if you did not want to actually make an investment in a certain scheme. This is an obvious sign that you have been mis-sold a SIPP scheme. In fact, it can go a step further and make it look as if you were forced to give up your money, depending on the circumstances of your investment.

If this has happened to you and you feel as if you were forced, do not sit in silence. Instead, let our solicitors or the FCA know exactly what happened. They can help you claim compensation for what has happened to you.

How can I prove that I was mis-sold a SIPP scheme?

The best way to prove that you were eligible to make a claim when you were mis-sold a SIPP scheme is through your evidence. You need to be able to show that you received unsuitable advice from your advisor. That way you suffered a financial loss due your investment (aka. because of their advice.) If you can show that the advice caused you to experience extreme financial damages, you can prove that you deserve compensation. You may not be able to get your full pension returned to you, but you will be able to get help. We understand that you can feel vulnerable and afraid after this sort of thing has happened. But our solicitors will be here to help you through this difficult time.

Start on your mis-sold SIPP scheme claim today!

Here at Gowing Law Solicitors, we want to help as many people. That way they can get compensation for their mis-sold SIPP claim. Our specialists are here to give you no-obligation advice and consultations to get started. If you are happy to move forward with the claim, our solicitors can work with you on a “no win-no fee” basis. That means you will always come out on top. You will never need to pay any hidden fees. Instead, our solicitors will be upfront about their costs. You will only need to pay them if they win your case for you.

Contact Gowing Law Solicitors today by calling 0800 041 8350, emailing info@gowinglaw.co.uk or by using our claims checker. One of our claims specialists will then be in contact as quickly as possible to discuss your claim. Feel free to direct any questions towards them.

Learn more about mis-sold SIPPs claims now

If you want to learn more about this sort of financial mis-selling, the best place to look is our blog. We update it with the latest information about personal injuries and tax claims. The blog has brand new content every single week. So keep an eye to see what we have wrote about this week. Occasionally, you may see additional content about our competitions and seasonal events. If you cannot find the content that will answer your questions, feel free to write in to let us know. We would be more than happy to create blogs about your suggestions. Send in your questions to info@gowinglaw.co.uk. You can also keep an eye on our social media to watch our informative videos and posts.

We look forward to seeing you in our next blog.

Why do I need a solicitor to help me with my PPI Tax Claim?

Posted on January 25, 2021 by Hannah Fletcher - Blog, PPI Tax refunds, Uncategorised

Making a PPI Tax Claim can be frustrating to claimants when they are unsure of the claims process. If you originally received a PPI pay-out, you may have assumed that was it. HMRC had returned the money that was owed and you would never need to hear about the word PPI ever again. Unfortunately, as it has been proven that 20% of PPI pay-outs may have been automatically taken away by your bank, it seems as if you are destined to make another claim in order to try and get your tax returned to you in good time.

Dealing with any type of tax claim on your own may leave you with hundreds of questions and worries. That’s why it is always useful to have the help of a PPI tax specialist on hand instead of going about the claim on your own. With the help of a specialist law firm, you can avoid making mistakes and issues that could invalidate the claim and make the process more difficult to deal with.

Over the last year, Gowing Law Solicitors has been able to reclaim around £10,000 in rebates for our clients. We are ready to do the same for you as well! To get started, all you need to do is call 0800 041 8350 or visit our claims page below:

The Basics of PPI Tax Claims

Before we jump into how a solicitor can help you move forward with your PPI tax claim, we should talk a little about what PPI tax claims are all about. That way you can understand why you are owed a pay-out in the first place. PPI stands for “Payment Protection Insurance”. Originally, it was used as a safety net for those who took out payment plans (such as credit cards and loans) and needed extra funds to keep up with expenses. However, as it did not provide a pay-out that could fully pay back a bill, it actually ended up being relatively useless. In most cases, PPI was actually mis-sold to different clients around the UK. This mis-selling could have been due to:

The person being self-employed or now living abroad
The person being pressurised to buy the policy
The PPI automatically being included in the policy
The client not knowing that they had bought PPI

This is why you received a pay-out from HMRC when It was found out that the policy was mis-sold. The compensation was made up of your PPI pay-out, any interest that was added to PPI by your bank and a statutory interest of 8% each year. If you have lost out on some of your pay-out, it is most likely that it was taken as tax from you as statutory interest. You can claim this back by creating a PPI Tax claim with the specialists from Gowing Law Solicitors.

Why did I have my tax taken off in the first place?

So as we said before, there are three main components that make up your PPI pay-out. The tax is taken away due to your statutory interest of 8%. Now, originally your PPI pay-out was supposed to get you back to what you originally should have been at financially. You lost money because of your PPI payments and this pay-out is supposed to get you back to the amount you were estimated to be at. However, if it is believed that the pay-out will actually push you over your personal savings allowance then this is what may have been the reason that your tax was taken off you in the first the place.

However, keep in mind that this could have been done be mistake. There is also a chance that it could have been taken away automatically by your bank. That means you could have had around 20% deducted without any reason. This is why it is crucial that you get a tax specialist from Gowing Law Solicitors to help you get this tax back. They can work with HMRC on your behalf to make sure that you get the pay-out that you deserve.

How can a solicitor help me with my PPI Tax Claim?

Tax claims can get pretty complicated. The same can be said about making a PPI tax claim. You may feel as if you can handle it on your own, but at the same time there are lots of small mistakes that could invalidate your claim and leave you feeling confused as why HMRC did not accept your application. This is why it is important that you get the help of a specialist tax claims solicitor on your side. They can ensure that you get the pay-out that you deserve. Have a look at our infographic below to get an idea of some additional benefits of having a tax specialist help with your claim:

As you can see, our solicitors can help you in many ways if you are trying to sort out a PPI tax claim. They will work with HMRC on your behalf and fill out any paperwork that will ensure that your claim is settled. Our trained team of solicitors can talk you through your claim and make sure that you are kept updated about what stage your PPI tax claim is at. It can get frustrating to have your claim invalidated. That’s why we want to work alongside you to ensure that you get the pay-out that you deserve. Our claims team can help you even if you have already been rejected for your PPI tax. We will make sure to get you the pay-out that you deserve.

PPI Tax Claims Solicitors & Updates

We understand that our clients may feel a little unsure about taking on a PPI tax claim on their own. They may not have the legal experience to get a successful claim or even know where to start. This is why we want to help our clients as much as possible. Unless you are subscribed to all of the biggest UK legal channels and websites, you may not be able to keep up with the latest law changes. With Brexit potentially having the influence to change UK laws in the near-future, you may feel worried that your claim could be affected by something that you do not fully understand or know about.

This is where a trained tax expert can help you. Our law firm can give you free advice and consultations about any sort of claim. This is with no-obligations attached. Instead, we just want to help you keep informed about whether or not the latest legal updates could affect the status of your claim. That way you can decide for yourself whether or not you think it is worth pursuing it. Our PPI Tax Claim Solicitors are here to help. They have the experience you need to achieve a successful compensation claim.

What should I do if I have already been told I cannot make a PPI Tax claim?

The first thing that you should avoid doing is panicking. We understand that it can be a disappointing experience being told you are not valid for a pay-out. However, there is hope that you were only rejected because of some form of invalidation. Mistakes can be easily made on a PPI tax form. It could have been something as simple as filling out your wage incorrectly or any other personal details. That’s why it is wise for you to go to a PPI tax specialist for help. So far over the last year we have managed to collect £10,000 in rebates for our clients. We are aiming to do even better this year. That’s why we also help our clients who have already been rejected by HMRC. Overall, we are determined to help you get a valid pay-out.

How will I receive my PPI tax claim pay-out?

Once we have successfully negotiated with HMRC about your PPI tax claim, the pay-out should be sent as a cheque. You will receive a letter to confirm that it is being sent out. Once we receive the cheque then we will sent it to you in the mail. You can then deposit it in your bank and feel settled knowing that your claim has been sorted efficiently and quickly.

How much can I receive from successful PPI Tax Claims?

This is where it gets a little tricky. Whenever someone gets a pay-out, the amount they get entirely depends on their own personal circumstances. So, someone who paid a higher amount of tax is more likely to get a higher pay-out. It also depends on the person’s own personal savings allowance and how much they have gone over it. Take a look below to get an idea of how much you could claim:

Top Rate Payers (45%): Unfortunately, you will not eligible for a PPI tax rebate
High Rate Payers (40%): You could earn up to £500 completely tax free
Basic Rate Payers (20%): You could earn up to £1000 completely tax free

If you have had around 20% of tax taken away from your pay-out, there is a chance you could claim it back by proving that you did not go over your personal savings allowance. Your solicitor will be there to help you gather evidence and ensure that you get the pay-out that you deserve. All you need to do is let them know exactly how much you have had taken from your pay-out. They can then work with HMRC on your behalf to ensure that you get the compensation that you deserve.

Be aware of court delays!

As you may have read in our image before, there is a chance that there could be delays with your claim. The current lockdown has caused several delays in the UK Court system. That means that there could be a chance that you have to wait a little longer in order to have a successful claim. Please be patient with your tax claims specialist. They will do their best to ensure that you get the pay-out that you deserve. However, it may just take a bit more time than expected. Our lawyers would be more than happy to keep giving you updates on what is happening with your claim. Just get in contact to find out more from your own PPI tax claim solicitor.

Speak to a Tax Claim Specialist today from Gowing Law Solicitors

If you are ready to get your PPI Tax Claim sorted with the help of a trained tax specialist, our team from Gowing Law Solicitors will be here to help you. We want to get you the pay-out that you deserve to ensure that you no longer need to worry about this type of tax claim in the future.

To get started with your claim, or to find out more information about your PPI Tax Claim, you can come to our solicitors for no-obligation advice and consultations. They will guide you through the claims process and ensure you know how much you can claim. If you are happy to work with our team, we can offer our services on a “no win-no fee” basis. That means you will not need to pay any hidden fees and will always come out on top. You will only need to pay our solicitors if you have a successful claim.

Contact our solicitors today to begin your claim. Call 0800 041 8350, email info@gowinglaw.co.uk or use our claims checker to get started today!

Fill out the form to start your claim today!

Why did I need to pay PPI Tax in the first place?

Why did I lose some of my pay-out?

How much could I get from a PPI Tax refund?

What about my own estimate?

Will my tax bracket affect the amount of pay-out I receive from a PPI tax refund?

Can I make a PPI Tax refund claim if I wasn’t paying any tax during the year?

How will a solicitor be able to help me with my PPI tax refund?

How long will it take to make a PPI Tax claim?

Speak to Gowing Law Solicitors today about your claim

Learn more about PPI Tax claims

Making a work accident claim: Emotional Damages

What could cause psychological issues or stress in the workplace?

Should my employer should be checking up me during lockdown?

Mental Health & Work Accident Claims

Can I make a work accident claim if I get injured at home?

Can I claim any other types of damages?

How much could I claim from a work accident claim?

Make a work accident claim with Gowing Law Solicitors

Read more about work accident claims!

Can I make a business interruption insurance claim about Covid-19?

Which clauses will make me eligible for a business interruption insurance claim?

Evidence may include:

How can a solicitor help me with my business interruption insurance claim?

Can a solicitor help me with my claim if I get assistance from the government?

Will a solicitor charge me if they help with my business interruption insurance claim?

How much could I get from my pay-out?

How long will it take to make a claim?

Contact Gowing Law Solicitors today to help with your business interruption insurance claim

Ready to read more about your claim?

What is Business Interruption Insurance?

Why would I be rejected for a Business Interruption Insurance Claim?

Alternative Reasons for Rejection: Business Interruption Insurance

What should I do if I have been rejected for a business interruption insurance claim?

How much could I receive from a pay-out from my business interruption insurance?

How long will it take to make a claim?

Gowing Law Solicitors can support you with your Business Interruption Insurance Claim!

Ready to read more?

What is Business Interruption Insurance?

What will my business interruption insurance cover?

Business Interruption Insurance: What is the update about Covid-19 pay-outs?

An example of these clauses could include:

Why would my business interruption insurance claim be denied?

Examples include

Will I immediately be awarded a pay-out if my business has suffered from the lockdown?

Who should I use to make a claim?

Gowing Law Solicitors can help with your Business Interruption Insurance Claim!

Learn more about Business Interruption Insurance on our blog!

What is a PPI Tax Claim all about?

Why was tax taken away from my PPI pay-out?

Will my job status change the validity of my PPI Tax claim?

Will I get a successful PPI Tax claim pay-out if I am currently working abroad?

How much could you get from a PPI Tax pay-out?

How long will it take to get a PPI tax pay-out?

How could a PPI Tax solicitor help me with my claim?

Gowing Law Solicitors is here to support you with your claim

Learn more about PPI Tax Claims

Why would retirement affect my marriage tax claim?

What is a marriage tax claim?

How much could I get from a successful marriage tax claim?

How do the conditions of a marriage tax claim change when it comes to my retirement?

But how could it make me ineligible for a successful claim?

How can a marriage tax claim solicitor help me with my claim?

Don’t forget that Gowing Law Solicitors also helps with mis-sold pension claims!

Learn more about Marriage Tax Claims from Gowing Law’s Solicitors

Learn more about marriage tax claims in our blog

Why are there delays right now with my personal injury claim?

What could normally delay my personal injury claim?

Medical Evidence: How do I collect it during the lockdown?

Do you know what sort of evidence that you need to make a claim?

How long will it take to get an offer of compensation?

Are the courts still open to make a personal injury claim right now?

Should I actually make a personal injury claim at this point in time?

Gowing Law Solicitors can help you with your personal injury claim!

Read more about personal injury claims on our website

What is a Mis-Sold SIPP Scheme?

What is an example of a non-regulated SIPP scheme?

How do I spot a mis-sold SIPP scheme?

1. Your financial advisor was not as experienced as you thought

2. There were more risks to your chosen SIPP scheme than were explained to you