Joint individuals (4) with eligible deposits of £380,000


This example applies to four individuals with an account in their joint names of £380,000. 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 £380,000 £380,000
Compensation due 200,000 200,000
EPS received 40,000 -
Net compensation due £160,000 £200,000

Recoveries from liquidator
EPS claimed
   50%    60%    70%    80%
Value of recovery   £190,000   £228,000   £266,000   £304,000
Retained by EPS 40,000 40,000 40,000 40,000
Retained by DCS 150,000 160,000 160,000 160,000
Further payments to depositor * - 28,000 66,000 104,000

* 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   £190,000   £228,000   £266,000   £304,000
Retained by DCS 190,000 200,000 200,000 200,000
Further payments to depositor * - 28,000 66,000 104,000

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