How Much Will I get Paid ??

Jul 20, 2003 4 Replies

Here is a question for all you financial whizz kids .



At the end of August this year i am due to receive two refunds with interest at the current rate for the period involved . I have worked out how much I think it will be and want a second opinion of the approximate amount I will receive .



The first amount is £1994.70 with added interest at the current rate ,the interest being paid for the period 1/4/96 to 1/9/03 There will be no tax deducted from this .



The second refund is £2618.61 with added interest at the current rate,the interest being paid for the period 1/4/78 to 1/9/03 . This will be taxed at 20%. thx in advance Stuart .



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What's the current rate of interest?

Peter Saxton from London snipped-for-privacy@petersaxton.co.uk

The BoE rate is shown on their website as 3.5 % but I dont know if thats the rate they will use . Stuart

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"Stuart" wrote

Who are "they" ??

Dept of Work & Pensions if it makes any difference .:-)) Stuart

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