12/11/2011

Available for over a year

Millions face an unexpected tax bill over PPI compensation. Customers who have waited weeks, sometimes months for their money will have to pay tax on the interest they receive. It was agreed with the regulator - the FSA - that victims of PPI mis-selling would receive interest at 8% - but that could come down significantly after the revenue have had their cut. Landmark ruling on unmarried couples property rights A landmark judgement raises major questions over unmarried couples property rights. This week the Supreme Court ruled that a man who broke up with his partner is not entitled to half the value of the house they had jointly owned. So what are the implications for unmarried couples and does the law need clarifying? Paul Lewis is joined by Shashi Sachdeva, partner with Thomas Eggar and specialist in family law. Links: Online banking problems Banking online is becoming increasingly popular. 25 million current account holders now use the internet to manage their money. But according to some HSBC customers that have contacted the programme the process has become a lot more difficult. We hear from one angry customer and Paul talks to Sandra Quinn from UK Payments Council and David Bannister, editor of Banking Technology magazine. Airmiles Airmiles are due to change this week meaning they will no longer be redeemable for completely free flights. Customers booking online have until a minute to midnight on Monday to cash them in before they are exchanged for a brand new product, Avios. If you book over the phone you will have until 8pm on 15 December. The new Avios points will only buy you the flight and can't be redeemed for "taxes, fees and charges". Travel journalist Simon Calder will fill us in on all the details.