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TaxRobin
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Experience:  International tax
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I have had a refund from PPi on which I paid £365 tax. I am

Resolved Question:

I have had a refund from PPi on which I paid £365 tax. I am below the tax allowance for this year. How do I go a bout recliming the tax?
Submitted: 11 months ago.
Category: Tax
Expert:  TaxRobin replied 11 months ago.

Hello

The interest you received in a PPI is treated as though it is interest on your savings so the new tax free bands will apply.

You can use the form 40

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/535608/R40_M_internet.pdf

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