Joint individuals (2) with eligible deposits of £150,000


This example applies to two individuals with an account in their joint names of £150,000. The example shows the amount of compensation the account holder will receive in circumstances where they claimed from the Isle of Man Government Early Payment Schemes and received the full amount of £20,000; and where no EPS claim was made.
Compensation calculation       
       EPS claimed        No EPS claimed
Deposit £150,000 £150,000
Compensation due 80,000 100,000
EPS received 20,000 -
Net compensation due £100,000 £100,000

Recoveries from liquidator
EPS claimed
   50%    60%    70%    80%
Value of recovery   £75,000   £90,000   £105,000   £120,000
Retained by EPS 20,000 20,000 20,000 20,000
Retained by DCS 55,000 70,000 80,000 80,000
Further payments to depositor * - - 5,000 20,000

* Further payments made by the liquidator
    may be subject to a recovery of costs

Recoveries from liquidator
No EPS claimed
   50%    60%    70%    80%
Value of recovery   £75,000   £90,000   £105,000   £120,000
Retained by DCS 75,000 90,000 100,000 100,000
Further payments to depositor * - - 5,000 20,000

* Further payments made by the liquidator
    may be subject to a recovery of costs