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EXPIRED 29th Aug 2019

PPI Claims for Self-Employed

One of the reasons PPI claims are rejected is because the policyholder was self-employed at the time of taking out the policy and had taken out a business loan, personal loan, credit card or mortgage. In such instances there is a high probability that the PPI was mis-sold.

What does it mean to be self-employed?

You are self-employed if any of the following apply:

  • The business is run for yourself and you take responsibility for its success or failure;
  • You have several customers at the same time;
  • How you work, when and where is up to you;
  • People are hired at own expense to help or do the work for you;
  • The equipment to do the work is provided by you;
  • Any unsatisfactory work is finished by you in your own time;
  • You charge an agreed fixed price for your work; or
  • Goods and/or services are sold by you to make a profit (this includes through websites or apps).

Bear in mind that you can be employed and self-employed at the same time. This would occur if, for example you work for an employer during the day, then in the evening you run your own business.

How does the PPI scandal affect the self-employed?

There are many victims of the PPI mis-selling scandal and the self-employed were greatly affected. PPI policies were sold as a way of protecting the policyholder from the risk of losing their job. Many people who were self-employed were sold the product, even though the terms of the policy often excluded the self-employed from being covered, rendering the policy worthless.

Were you self-employed when you bought PPI? If so, carefully check the wording of the policy. If it has a clause saying you will be covered if you become unemployed, you may have grounds for reclaiming your premiums.

If you find that you have a policy that does cover you as being self-employed it may not pay out straight away. There could be limitations in place where they will not cover the first month of incapacity and could be limited to only 12 months, leaving you not fully protected in some circumstances.

You also have grounds to claim if you were not asked about your employment status or if the cover was added without you knowing about it.

The following circumstances may give rise to making a claim although they are not directly linked to being self-employed:

  • Medical conditions – if you had a pre-existing medical condition at the time of taking out the policy that you were not asked about or was ignored;
  • Misinformation – you were told, or it was inferred the PPI was compulsory, or your credit application would be denied without it.
  • Time periods – the term of the PPI policy did not run for the length of the loan.

There are other factors which may also give rise to a claim for mis-sold PPI.

Furthermore, if you become sick or suffer from an injury and are self-employed, you may be entitled to certain benefits to top up or replace your earnings from being self-employed. Please seek further advice regarding this.

Please Note: The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.


Is There Any Leeway In Deadline Timing?

No – the deadline is absolute. If the claim is not properly logged with the lender before midnight on August 29th it will be officially time-barred.

I already have a case(s) going through with you, what will happen to them?

The deadline is for new claims only. All existing claims will be investigated and decided normally.

I have had a case with FOS through you for ages – what will happen to it now?

All FOS investigations of current claims will be unaffected by the deadline. It is for new claims only.

Will the deadline cause any delays in my case?

No – existing cases will be processed as normal with a final decision expected within 8 to 16 weeks of acknowledgement of the claim by your lender.

What if the bank wants more information?

A request for further information from the bank means that it has been accepted and is under investigation. The usual timescale of 8 to 16 weeks for a decision will still apply.

Why is there a deadline?

The deadline was set in place by the Financial Conduct Authority (FCA), which is the UK’s financial regulator. It’s chief executive, Andrew Bailey, said at the time: “Putting in place a deadline and campaign will mean people who were potentially mis-sold PPI will be prompted to take action rather than put it off. We believe that two years is a reasonable time for consumers to decide whether they wish to make a complaint.”

“We have carefully considered the feedback we received and we still believe that introducing a deadline for PPI complaints and a communications campaign warning of the deadline will benefit consumers.”

What happens after the deadline?

The deadline is for new claims only. If your claim has already been lodged with your lender then it will be fully investigated.

What happens if my case is rejected by the lender?

If your claim is rejected then it will be passed to our specialist team who will evaluate the terms of the rejection to see whether an appeal to the Financial Ombudsman Service (FOS) might be possible and advise you of their findings.

Read the latest News on PPI Claims

PPI Deadline



The PPI deadline has now passed and we are no longer accepting any new PPI claims.

Please be assured, if you have already enquired about a PPI Claim with Money Management Team Limited we are processing your enquiry and will update you as your claim progresses. If you need an update in the meantime, please contact us.

You can pursue your own claim direct to the firm to obtain a refund. You can do this for yourself at no cost and then use the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) which are both FREE.

£Millions Remain Unclaimed!

Important Information

Please Note: Your PPI Claim starts with a Free PPI Check service. Our PPI Claim fee of 20% + VAT (so 24% of the total redress offered by your lender) is payable if your claim is successful. That means if we don’t recover you anything, you don’t pay us a penny.

You can submit a claim directly to the lender yourself for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free to review your case, providing it falls within their remit and you have approached your lender first.


PPIClaims.com is a trading style of Money Management Team Ltd. Money Management Team is a member of the Professional Financial Claims Association (PFCA).
We comply with the PFCA Code of Practice


Deceased Persons

If a PPI policyholder is deceased, any money owed to them becomes part of their estate, so whoever inherits the estate is entitled to make a PPI reclaim. This can be done by an executor or the person appointed to carry out their wishes after death. We automatically assume that reclaiming mis-sold Payment Protection Insurance (PPI) for deceased parents and grandparents may not be possible due to the passage of time.

However, the truth of the matter is it is quite straight forward to make a successful claim for mis-sold PPI for someone who is deceased.

The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.

Armed Forces Personnel & PPI

Armed Forces PPI

Armed forces personnel have cover for sickness, accident & unemployment built into their salaries. This protection means that if a member of the armed forces was unable to work due to one of these reasons, they would still be able to meet any mortgage, loan or credit card repayments they had. So any PPI insurance policies would NOT have been appropriate.

As the PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.

UK Expats & Non-British Nationals

Expat PPI Claim

Did you have a loan, credit card or mortgage in the UK between 1988 and 2014? As a British Expat or Non-UK National who has lived in the UK for a long period, it is likely that finances were arranged while you were a resident in Britain. This may include loans, mortgages or credit cards and, even though you are no longer living in the country you can still claim mis-sold PPI.

As the PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.

Public Sector Workers PPI Claim

Public Sector PPI

For many public sector workers, the Payment Protection Insurance (PPI) they were sold was useless. However, for some of these workers it would not have been useless, depending on the policy type and cover it provided them with.

If you had PPI and it provided you with extra cover that hadn’t been included in your employment contract, then it may have been useful for you.

The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.

Business PPI Check and Claims

Business PPI Claims - Mis-sold Payment Protection Insurance

Business PPI - Like most consumer PPI policies, business PPI also know as commercial PPI was sold alongside secured and unsecured loans, overdrafts, credit cards and mortgages. Business Loan Repayment Insurance is a type of insurance policy sold alongside commercial loans, including Fixed Rate Loans, Variable Rate Loans and Treasury Loans. If you had a commercial or business loan between 1988 and 2014 you may be eligible for a PPI refund.

The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.