Tracing Lost Money
It is by no means uncommon for people to have money in accounts which they or their relatives have forgotten about and the scale of the problem is illustrated by the fact that National Savings and Investments (NS&I) reports that it has £435 million in dormant accounts and bonds. An extra £23 million sits in unclaimed Premium Bond wins.
However, help is at hand. A website set up by the British Bankers’ Association, the Building Societies Association and NS&I will allow the tracing of lost or dormant accounts to be simplified.
Visit www.mylostaccount.org.uk for further information.
January 2009
