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Wednesday, 4 April 2012

Dormant Bank Accounts and the Big Society Fund

Read this article if you think there may be money in a dormant account to which you are entitled.

The government seems to be making good use of money which may be yours!

As Martin Lewis writes:

"The government has its own plans for the cash. Under legislation that came into force in 2009, any assets over 15 years old are likely to go into a 'good causes' fund which the nation can use."

BBC Report

If you've changed your address a lot, or live overseas, banks and pension funds may have lost contact with you.

There's £600 million in the 'Big Society' Capital Fund. Apparently the source of the money is dormant accounts.

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