Individuals with eligible deposits of £75,000


This example applies to an individual with an account in his or her sole name of £75,000. The example shows the amount of compensation the account holder will receive in circumstances where he or she claimed from the Isle of Man Government Early Payment Schemes and received the full amount of £10,000; and where no EPS claim was made.
Compensation calculation       
       EPS claimed        No EPS claimed
Deposit £75,000 £75,000
Compensation due 50,000 50,000
EPS received 10,000 -
Net compensation due £40,000 £50,000

Recoveries from liquidator
EPS claimed
   50%    60%    70%    80%
Value of recovery   £37,500   £45,000   £52,500   £60,000
Retained by EPS 10,000 10,000 10,000 10,000
Retained by DCS 27,500 35,000 40,000 40,000
Further payments to depositor * - - 2,500 10,000

* 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   £37,500   £45,000   £52,500   £60,000
Retained by DCS 37,500 45,000 50,000 50,000
Further payments to depositor * - - 2,500 10,000

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