Martin Lewis urgently warns 1.3 million are owed refunds on power of attorney applications
Financial journalist and campaigner Martin Lewis was on hand to answer a wealth of questions from viewers tonight on the ITV money show. He also shared some of his latest money insights.
This means it applies to lasting powers of attorney (LPA) and enduring powers of attorney (EPA).
Martin explained that the fee that a person is charged should be proportionate to the cost of doing it.
“But it wasn’t, it was too much,” he said, “so you’re entitled to £54 back per application.
“You don’t need to pay anyone. This is so easy.
“You go onto the GOV.UK website, it’s got a reclaim form, you fill it in and they send you the money.
“Why am I doing this so urgently? Because your last chance to do it is the 31st of January.
“That’s less than two months away – so get on with it.”
The government website states: “You must claim your refund by 1 February 2021.”
The government’s “Claim a power of attorney refund” guide explains the amount a person can get refunded depends on when they paid the feeds.
Additionally, they will get 0.5 percent interest.
“You can still claim a refund even if you don’t know when you paid the fees,” assures the government.
Should a person have paid a reduce fee – known as remission – they will get half of the refund.
How much is the refund for each power of attorney?
When you paid the fee – Refund for each power of attorney
April to September 2013 – £54
October 2013 to March 2014 – £34
April 2014 to March 2015 – £37
April 2015 to March 2016 – £38
April 2016 to March 2017 – £45
Stay connected with us on social media platform for instant update click here to join our ????️????️ Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Business headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you.
