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Ppi Repayment After Plevin Ruling

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mightyquin | 16:07 Tue 10th Oct 2017 | Crosswords
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I have been awarded a PPI claim, but claim company states their fee is 30% + 20% vat. I have no qualms with this, BUT they state the 30% is based on GROSS amount offered not the net amount. The difference between gross and net is obviously tax deducted by original lender at source before they issue net amount to me. Is my claims company right in what they are doing as I am basically being penalised twice, by paying the tax then paying claims Company based on gross amount. Thanks for any help.
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Yes, that is why all the advice is 'always do it yourself'.
Quin....that is why these PPI-chasing companies are plaguing us with their unsolicited nuisance calls !

They exist to make themselves rich, not you.

You could easily have done all this for yourself, and it would have cost you nothing.
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I appreciate what you guys are saying, but are they right to base their fee on gross amount as I have been taxed on this, would have thought it would be based on what I am actually receiving
Quinn....my previous reply may have come over as tad harsh, which was not my intention !

The truth is that these companies can do what they like, if you agree in advance that the can.
I assume it's only the interest bit that's taxed. If so it seems reasonable to charge you based on the gross amount since our liability to tax is a matter between you and HMRC. You are allowed to receive £1000 interest a year tax free and depending on your tax status you may be able to reclaim some tax on the interest back from HMRC. Can you tell us what the gross interest figure was?

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