What to do if you inherit an NS&I account When a loved one passes away, dealing with their financial affairs can be a complex and emotional task. A key part of this process is identifying and claiming any savings or investments they held. This includes accounts with National Savings and...
Riley Harrison
Verified ExpertPersonal Finance Specialist
Focusing on savings, Riley Harrison provides in-depth analysis of the UK market. They bring a strong academic background from UCL (University College London) to their reporting.
🎓 Education: UCL (University College London)
✅ Expertise: Savings, UK Finance, British Markets
NS&I Bereavement Error: What UK Savers and Families Must Know
What the NS&I bereavement error means for UK savers National Savings and Investments (NS&I) has identified a significant administrative error affecting the estates of deceased customers. The Treasury-backed savings provider has stated that in some cases, the money held across all of a deceased customer's accounts was not always fully...
NS&I Savings Deceased: How to Claim Funds from a Lost Account
What happens to NS&I savings when someone dies? When a saver passes away, their funds held with National Savings and Investments (NS&I) should be returned to their estate. However, a recent issue highlighted that NS&I, the government-owned savings bank, has faced challenges in tracing the families of deceased customers to...
4% Savings Rule UK: How It Works Before the Tax Year Ends
Understanding the 4% rule for UK savings and tax As the end of the tax year approaches on 5 April, many UK savers are reviewing their finances. A common piece of guidance that circulates is the so-called '4% rule', which relates to the tax treatment of savings interest. This isn't...
NS&I Compensation Explained for Affected UK Savers
NS&I compensation: what savers need to know If you have savings with NS&I, the government-backed provider, you may have heard about a recent issue affecting thousands of customers. This guidance explains what happened, who might be affected, and what the process for compensation involves. It’s important for UK savers to...