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...
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...