£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
|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.