Our success fee is due only if your bank makes a compensation payout, and is calculated on the amount of the compensation payout
The success fee amount is calculated using a band charging system. There are five charging bands. Each band has a maximum amount that we will charge.
Success Fee Charging Table
|Band||Compensation Payout||Percentage rate the Success Fee is calculated on (including VAT)||Maximum Success Fee in band (including VAT)|
|1||£1 to £1,499||36%||£504|
|2||£1,500 to £9,999||33.60%||£3,000|
|3||£10,000 to £24,999||30%||£6,000|
|4||£25,000 to £49,999||24%||£,9000|
|5||£50,000 or more||18%||£12,000|
Below are examples of how this would work in practice.
|Lower example||Higher example|
|Band||Compensation Payout||Success Fee||Compensation Payout||Success Fee|
If you want to see how much we would charge for a specific amount, please visit our online fee calculator at https://allegiant.co.uk/fraud-and-scam-claim-fees/.
Please note that the examples in the tables are for illustration purposes only. They are not an estimate of the likely outcome or success fee.
We have created a fee calculator that allows you to calculate what your fees would be based on any amount of compensation payout from your bank.
The below calculator should be used for any contracts entered into on or after the 1st March 2022 for a Scam or Fraud Claim. If you entered into a contract with us prior to the 1st March 2022 please refer to your contract terms.
Please note that any projections provided by our fee calculator are purely based on information you input into it. This is not a guarantee of what you will receive from your bank, or what your fee would be, meaning that if you input an example ‘Compensation Payout’, the professional fee would be an example of what you would pay, based on this.
The calculator can only provide an accurate explanation of our fee calculation if you use it to submit details of any compensation your bank has confirmed that they are making.