£34.2bn has Already been Paid Out !
A total of £334m was paid in January 2019 to consumers who complained about the way they were sold payment protection insurance (PPI). This takes the amount paid since January 2011 to a staggering £34.2bn.
PPI Payouts By Year 2011 – 2019
Monthly PPI payouts – Source: FCA – Last Updated: 18th Mar 2019
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|
| Jan £334m | Jan £415.8m | Jan £239.9m | Jan £311.8m updated to £377.6m ** | Jan £424.5m | Jan £389.2m | Jan £439.3m | Jan £405.4m | Jan £36m |
| Feb £361.2m | Feb £235.3m | Feb £423.9m | Feb £361.0m | Feb £329.5m | Feb £409m | Feb £473.1m | Feb £36.1m | |
| Mar £389.6m | Mar £246.4m | Mar £456.4m | Mar £399.1m | Mar £349.8m | Mar £375.9m | Mar £501.6m | Mar £32.4m | |
| Apr £398.3m | Apr £205.3m | Apr £405.8m | Apr £410.1m | Apr £410.3m | Apr £424m | Apr £572m | Apr £28.6m | |
| May £403.4m | May £260m | £266.8m | May £390.4m | May £407.4m | May £422m | May £735.3m | May £39.8m | |
| June £383m | June £262.5m | Jun £262.2m | Jun £406.7m | Jun £390.3m | Jun £498m | Jun £614.6m | Jun £66.4m | |
| Jul £353m | Jul £250.5m | Jul £244.6m | Jul £327.9m | Jul £383.2m | Jul £528m | Jul £512.3m | Jul £103.2m | |
| Aug £342.3m | Aug £271.5m | Aug £259.8m | Aug £300.5m | Aug £312.8m | Aug £446m | Aug £601.4m | Aug £244.5m | |
| Sep £309m | Sep £298.8m | Sep £247.6m | Sep £329.7m | Sep £353.8m | Sep £444m | Sep £516.4m | Sep £225.3m | |
| Oct £326m updated to £329.3m*** | Oct £324.8m | Oct £223.7m | Oct £366.0m | Oct £375.6m updated to £391.1m | Oct £524m | Oct £578.2m | Oct £321.9m | |
| Nov £306.7m updated to £309.7m*** | Nov £398m | Nov £242.1m | Nov £393.8m | Nov £329.6m updated to £349.0m | Nov £425m | Nov £410.8m | Nov £464.4m | |
| Dec £258.9m updated to £261.3m*** | Dec £366.9m | Dec £213.1m | Dec £365.7m | Dec £339.1m updated to £408.6m | Dec £324m | Dec £360.1m | Dec £535.5m |
* The PPI redress figures for October, November and December 2014 were updated on 7 April 2015.
** The PPI redress figure for January 2016 was updated on 18 May 2016.
*** The PPI redress figure for October 2018, November 2018 and December 2018 was updated on 18 March 2019.