Individuals with eligible deposits of £50,000

This example applies to an individual with an account in his or her sole name of £50,000. 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 £50,000 £50,000
Compensation due 50,000 50,000
EPS received 10,000 -
Net compensation due £40,000 £50,000

Recoveries from liquidator
               50%            60%            70%            80%
Value of recovery £25,000 £30,000 £35,000 £40,000
Retained by DCS 25,000 30,000 35,000 40,000
Further payments to depositor - - - -

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