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 some deceased customers...
4% Rule Savings: How to Use Your UK Personal Savings Allowance Before 5 April
Understanding the 4% rule for UK savers before the tax year ends As the UK tax year draws to a close on 5 April, many savers are reviewing their finances. A common piece of guidance that surfaces at this time is the so-called '4% rule'. This is not a formal...
Lost NS&I Savings: How to Trace and Reclaim Your Money
What to do if you have lost track of your ns&i savings National Savings and Investments (NS&I) is a trusted, government-backed savings provider for millions of people in the UK. It offers products like Premium Bonds, Direct Saver accounts, and Income Bonds. However, as with any financial institution, accounts can...
4% Rule UK Savers: Check Your Tax Before April 6 Deadline
Understanding the 4% rule for UK savers before the tax year ends As the end of the UK tax year approaches on 5 April, many savers are reviewing their finances. A common piece of guidance that circulates at this time is the so-called '4% rule' for savings. This isn't a...
Premium Bonds Compensation Explained for UK Savers
Premium bonds compensation explained for UK savers If you hold Premium Bonds, you may have heard about a significant compensation payment being made by NS&I, the government-backed savings provider. This relates to a historical issue where some prizes were not correctly allocated to eligible bondholders. For UK savers, this is...