interest Have you received a PPI refund? If you have received a refund from a PPI claim, the premiums refunded are not taxable. However, many successful claims are being paid out with a simple 8% interest to compensate the time you were without the benefit of your money. Have you received a PPI refund? If you have received a refund from a PPI claim, the premiums refunded are not taxable. However, many successful claims are being paid out with a simple 8% interest to compensate the time you were without the benefit of your money. Interest rate rise set to cost households £1.8bn in first year alone Last weeks' Bank of England’s interest rate rise will cost households an extra £1.8bn* in interest payments in the first year alone. Interest rate rise set to cost households £1.8bn in first year alone Last weeks' Bank of England’s interest rate rise will cost households an extra £1.8bn* in interest payments in the first year alone. What does the interest rate cut mean for you? At the beginning of August the Bank of England cut interest rates from 0.50% to 0.25%, reaching a new record low and introducing the first cut since way back in 2009, in order to counter the threat of a post Brexit recession. What does the interest rate cut mean for you? At the beginning of August the Bank of England cut interest rates from 0.50% to 0.25%, reaching a new record low and introducing the first cut since way back in 2009, in order to counter the threat of a post Brexit recession. Academies Handbook - Andy speculates on what's in store "The 2015 Academy Financial Handbook (AFH) is due to be released any day now. What do I think is likely to be included this year?" writes Andrew Williams, Partner and Head of Education at Moore (South). Academies Handbook - Andy speculates on what's in store "The 2015 Academy Financial Handbook (AFH) is due to be released any day now. What do I think is likely to be included this year?" writes Andrew Williams, Partner and Head of Education at Moore (South).