There has been some talk lately about at the issue of paying tax on payment protection insurance claim payouts. If you are planning on claiming back money which was incorrectly taken from you then you will be interested in seeing what this matter is all about. The first thing to point out is that the bulk of the payment protection insurance claim isn’t affected by this. You will receive a compensation payment which is entirely free of tax and it is only the lost interest payment on top of this which you need to pay tax on. This might...