Q&As about Category 2 Claims

What are the ‘Category Two’ investments?

Why do the Category Two investments not qualify for ISA purposes?

What is the tax position for the products that Keydata incorrectly sold me as an ISA qualifying investment?

How do I claim compensation from the FSCS?

What will happen once I have returned my application form?

If my claim is eligible, how will compensation be paid?

How will the FSCS calculate the compensation to be paid to HMRC in respect of my claim?

What will happen if the FSCS cannot compensate me in full for my tax losses?

What are the timescales for claiming compensation?

I have a separate claim against Keydata. How do I make my additional claim?

Will investors who invested into Category Two ISA investments be able to keep their ISA status?

Do the recent developments in relation to Lifemark SA affect the Category Two claims process?

Jargon Buster

  • Eligible

    qualifying for compensation under Scheme rules.
  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).