Quick Money Tips - 5 ways of recovering lost money!

Updated: Nov 2, 2019

With so many people living life to the full it is easy to lose track of accounts that may hold your money - billions of pounds lie un-claimed in bank accounts, pensions, premium bonds and unknown inheritance. Here we explain how you can trace your money.




Premium Bonds from National Savings and Investments (NS&I)

Maybe your grandparents bought some of these for you - or your parents bought some for your children. If you know your NS&I Holder number you can check if you have any winnings at https://www.nsandi.com/prize-checker - if you do not know the number or are not sure if you have any amounts invested you can check by using the Tracing Service https://www.nsandi.com/how-do-i-track-down-unclaimed-or-forgotten-investments-with-nsi


Child Trust Fund

Any child born between 1st September 2002 and 31 December 2010 received £1,000 or £500 from the government in a Child Trust Fund - over 1 million of these remains unclaimed - see how to trace your childs fund here;

https://www.gov.uk/child-trust-funds


Pensions

Workers now move employers on average 11 times in their career - each could have a different pension provider and it is easy to lose track of them over the years.

The place to start is your own personal papers/files - but if you have lost track of a particular employers pension then start here:

https://www.gov.uk/find-pension-contact-details


Bank accounts

If you are unsure if there is any money in an account you once held but have lost the details - start here;

https://www.mylostaccount.org.uk/

It's free and you can also search on behalf of an elderly relative if you hold a financial power of attorney and their permission.


Lost inheritance

You have 30 years to reclaim any inheritance that was left to you without your knowledge - you just need the name of the relative to check - details here; https://www.gov.uk/government/statistical-data-sets/unclaimed-estates-list


Let us know how you get on!

©2019 by Green Shoots Accounting.