Have you ever considered whether you may be the owner of some of the estimated £15 to £20 billion of unclaimed, lost or abandoned money held in the UK?Have you ever considered whether you may be the owner of some of the estimated £15 to £20 billion of unclaimed, lost or abandoned money held in the UK?Research suggests that one in 12 adults in the UK could discover £5,000 or more that they have either lost touch with or never knew existed.
This money is lying unclaimed in financial institutions throughout the UK. Its owners have either lost touch with it, perhaps through mislaid documents, or they never even knew that it existed, perhaps because they inherited it without realising.
While account providers are expected to take appropriate measures to locate the owners of money in inactive or dormant accounts, this is not always successful. The Chancellor has spotted this and would like to distribute the funds to charity.
While there is no central registry holding all of the information about these unclaimed life policies, pensions, unit trust holdings, dormant savings accounts, uncollected dividends, etc. there are organisations able to help. Unfortunately not all of this help comes for free but if you would like to track down your forgotten money you could try:
Alternatively you could write to the inquiry departments at individual banks, building societies and at National Savings. You never know, it just might be worth it …