SAIM2110 - Interest: interest and PPI

Compensation for missold PPI is calculated in a number of ways. It can include an interest element. »Ê¹ÚÌåÓýapp links below are to examples based on the most common scenarios. »Ê¹ÚÌåÓýapp examples describe how the compensation is calculated and which elements of the compensation are taxable. »Ê¹ÚÌåÓýapp examples do not cover every situation. If a customer has received PPI compensation that does not fall into one of these examples it may nevertheless still be possible to identify the 8% interest element in the compensation calculation. If this is not possible then contact the BAI Financial Products Team.

Single Premium Facts Go to
- Loan and PPI still running SAIM2115
- Loan repaid early and PPI cancelled SAIM2120
- Loan and PPI run full term SAIM2125
- Loan still in existence but PPI changed SAIM2130
Monthly Premium Facts Go to
- Credit card and PPI still running SAIM2135
- Credit card still being used but PPI cancelled SAIM2140
- Credit card closed and PPI cancelled SAIM2145