How to save money on this year’s summer holiday

How to save money on this year’s summer holiday

How to save money on summer holiday

This week may have had a shadow cast over it, by gloom, grey clouds and rain. But August is traditionally the nation’s favourite time of year to flock to the sunny continent on a summer holiday. Finances can be tight, and any extra spending money never goes a miss when the holiday is around the corner. So here are five ways to save money on this year’s summer trip:

  • Exchange Rate Investigation

The devaluation of the pound has made it especially important to research where you get your holiday money. Although the minor contrasts may not seem like much in smaller figures, those numbers will start to rack up when you take out enough money for the week. Spending five minutes online, looking at the most competitive rates will bulk out your wallet/purse for the week.

  • Hand Luggage

Depending on the duration of your stay, by sticking to hand luggage you can save yourself a fortune. Squeezing your summer wardrobe into your overhead bag will prevent you spending extra storing it downstairs. When only beachwear essentials are needed, you shouldn’t have any problems sticking under the limit.

  • Activity Analysis

There is nothing worse than arriving at the gates and discovering that’s is too pricey. Another bit of prior research will give you an inkling into the costings of how much the activities will set you back. You might even stumble across some deals or money off vouchers.

  • Picnics

Everybody loves to sample the delicacies of foreign cuisine, but eating out can become costly. Enjoying a picnic on the beach, by the pool or at your favourite hillside can cut back costs. It doesn’t stop you from savouring the regional titbits. Local markets will have an array of native options on offer. What’s more is that you will be able to save money, and you will be revelling in a stunning al-fresco spot.

  • Local Transport

Ferrying around the city in taxi’s all week can be overlooked – the overall cost will soon add up. Although public transport may not be as convenient, or luxurious, it’s a much more cost-effective way of getting about. Buses, trains, trams and the rest are all genuine ways of embracing local cultures and saving a few pennies whilst you’re at it.

So now you’re all set for your holiday, and have some tricks up your sleeve to save a few extra quid.

Another way of finding some spending money is to find out whether you are entitled to any lost assets. You could be sitting on your own pot of gold and not even know it. Monimine allows you to search for unclaimed money for free – we won’t charge you a penny. Start your search today at monimine.com … you never know you could be upgrading that plane ticket to first class.

Josh Cousens – Monimine.

Unclaimed assets: How can millennials keep track of their bank accounts?

Unclaimed assets: How can millennials keep track of their bank accounts?

How millennials can keep track of unclaimed assets

As millennials look to boost their bank balance and graduate to the next life stage, whether that’s buying a house, getting married or having children, it is essential they are doing all they can to make the most of their finances. But with pay packets squeezed and the cost of living high, it is also key to protect your money – and this means more than finding a high yielding savings account.

According to Josh Cousens of Monimine, which helps reunite lost financial assets with their owners, there are currently £25 billion of unclaimed assets in the UK.

“A common viewpoint is that lost money won’t affect you until later in life,” says Cousens. But there are several things that you can do now to seal your financial accounts and prevent money from slipping through the cracks.

“Unclaimed assets can materialise in an array of monetary accounts, including premium bonds, bank and building society accounts, stocks and shares, life insurance and pensions, rainy day savings, inheritances and savings and investment accounts.”

So what do millennials need to know about unclaimed money and how can they prevent their money slipping through the cracks?

Ensure you stay contactable

“The biggest issue surrounding unclaimed assets is failing to notify your financial provider when you change address,” Cousens says. “If you don’t state your new address, your correspondence will still be sent to the previous residence, and you won’t be contactable. Any outstanding money that lies within that account will then be considered unclaimed.”

This can be particularly troublesome for students, Cousens believes. “From university, to home, back to university and then to a new city, and it can be very easy to forget to keep your accounts informed of your current address.

“However, making the effort to speak with your financial providers and declaring your new address will pay dividends in the long run, when you still have access to all your money.”

Keep up with pension providers

“Another way people unwittingly lose money is through pension pots,” Cousens tells us. “Statistics published by Equiniti revealed that the average person will have at least six jobs in their lifetime. When an individual starts a new job, it can be easy to forget to notify the pension provider of the new company.

“Many people even take out a new pension and completely forget about the old one. If the provider is unable to contact you and you have forgotten about them, it’s very simple for owed money to become trapped and left unclaimed.”

Cousens recommends keeping a record of each job’s pension provider, to help stay on track.

Keep in touch…wherever you are in the world

“Many millennials embark on gap years abroad, both pre and post university and some even decide to stay abroad for longer periods,” says Cousens. “Amid all the fun and excitement of exploring new continents, keeping in communication with your financial providers at home can be easy to forget. But this is a mistake. It opens the trap door for your accounts to be labelled as dormant, and for money to trickle into the ‘unclaimed’ pot.”

Don’t put off writing a will

Cousens advises millennials to write a will.

“Many people share the belief that writing a will doesn’t need to happen until later on in life,” he says. “Even among older age groups not having a will is common – 78% of adults aged between 30 and 39 haven’t written a will for instance. But without a will, it can be easy to lose track of your finances. By organising your estate at a younger age, your finances will be secure. You’ll be able to decide where your money goes and have the peace of mind of knowing your family will be economically protected.”

Sophie Robson – Modern Young Finance.

Which Spanish cities are British expats choosing to live in?

Which Spanish cities are British expats choosing to live in?

411,000 British expats live on Spanish shores, allured by sunshine, siestas and sandy beaches. Having been a haven for British expatriation since the 1970s, Spain has always attracted UK citizens. Statistics reveal that Spain is the most popular European destination for British emigration.

The slower pace of life, inexpensive living costs and the relative ease of the Spanish language all manage to entice. Whilst a trustworthy healthcare, high life expectancy and the freshest fruit and veg also seduce Brits away from the Isles.

So … which particular Spanish cities are expats moving to, and why?

We have listed the five most favoured Spanish locations for British emigrants:

Barcelona

Barcelona is the capital of the autonomous Catalonia, and is renowned for its Gaudi inspired, ‘modernista’ architecture, stunning beaches and al-fresco lifestyle. Consistently dependable Mediterranean weather, explosions of culture and the cosmopolitan environment have been drawing Brits to the famous coastal city for decades. Barcelona is Spain’s second largest city and houses one of the worlds most exciting football teams. It leads Spanish employment rates and GDP per capita change.

 

Costa Del Sol

On the Southern edge of Spain, the ‘Coast of the Sun’ encapsulates national history, gastronomic delights and fantastic views – the Northern mountains of Africa can be spotted on a clear summers day. The affluent Marbella has been dubbed the ‘millionaires’ playground,’ and plays host to designer shops and luxury yachts. But elsewhere, the Costa Del Sol offers economical living costs, gorgeous beaches and outstanding local produce. A short drive inland meets traditional, rustic Spain in all its beauty, with whitewashed buildings and orange trees.

 

Madrid

Being the third largest city in Europe and the capital of Spain, Madrid has obvious selling points. The beautiful city offers an abundance of opportunities, arguably more inviting for career prospects than retirement, but the city’s embedded Spanish roots appeal to all. Although Madrid doesn’t boast a coastline like its counterparts, the tan-worthy climate is still felt in the city.  Boasting two of Europe’s footballing giants, there is plenty of sporting entertainment in the city. Whilst the perfect juxtaposition of heritage and modern makes Madrid the place to be.

 

Costa Blanca

British expats have been arriving at the ‘White Coast’ for years, because of the laid back lifestyle, spontaneous ‘fiestas’ and bustling markets. The stretch of coastline is one of Europe’s most visited areas for a good reason – its lively atmosphere is perfect for any ‘socialites’ and the beaches are some of the most popular in the country. Away from the noise and nestled within the metropolitan maze, lies the elegance of classical architecture and old-world Spain.

 

Valencia

Sometimes overshadowed by the larger Barcelona and Madrid, people forget about Valencia, Spain’s third largest city that has plenty to offer itself. Weddings of futuristic construction and a characterful old quarter is a magnificent consequence. The Turia Gardens are esteemed for their large open spaces, fountains and plethora of outdoor activities. The perimeter of the park equates to 18km, perfect for bicycle enthusiasts. Valencia is blessed with its own unique culture and brags highly acclaimed nightlife and cuisine, particularly its paella!

Have you left Britain for Spain? Which city did you decide to move to?

Josh Cousens – Monimine

Have you lost unclaimed funds through your pension pot?

Have you lost unclaimed funds through your pension pot?

unclaimed funds in a pension pot

Retirement traditionally marks the end of employment, and it should be the time to take a load off, without stress. After 40 years at work, the last thing you want to be worried about is unclaimed funds in your pension pot. But almost 5.5 million pension records are waiting to be claimed!

At an estimated £400 million in unclaimed pensions savings, it accounts for one the largest contributors of lost assets.  

So why is this cash going missing?

The most common problem is when an individual is unable to inform their pension provider of their new address. If the provider is unable to contact the policy holder via their address, money can quickly slip through the cracks and become forgotten about. The financial institution will then class these customers as missing, or ‘gone away.’

Many people struggle adjusting to a lower income after work, so it’s vital to safeguard your pensions. If you’re not enjoying your full pension benefits, you may be forced into an arduous retirement, rather than a comfortable one.

Statistics published by Equiniti revealed that the average person will have at least six jobs in their lifetime. When an individual leaves one job for another, it can be easy to forget to notify your pension provider of your new company. Many people even take out a new pension and completely forget about the old one. If the provider is unable to contact you and you have forgotten about them, it is very simple for owed money to become trapped and left unclaimed.

Things became more complicated when companies began to move their pensions over to financial institutions, opposed to storing them in-house. The combination of businesses and financial companies make it a much more complex process to get your money back.

Although unlikely, your company may not have even told you that you were paying into a company pension scheme!

Our advice would be to ensure that you’re on top of all your pension policies, guaranteeing that they have all your relevant contact details and employment histories.

However … not enough is being done by pension providers to track individuals with outstanding policies.

If you think that you might have a sum of outstanding money owed to you through a pension scheme. Monimine allow you to search for unclaimed assets for FREE. Simply enter your details into the registration, and if your information matches with the data we have collated from UK financial institutions, we can help you to reconnect with your money.  www.monimine.com

Josh Cousens – Monimine

Where do UK expats go, and how do they lose unclaimed assets?

Where do UK expats go, and how do they lose unclaimed assets?

why UK expats lose unclaimed assets

Did you know that Great Britain has the eighth highest expatriation levels in the world? A massive 5.5 million Brits live abroad, which is 7.7% of the total UK population. So why do so many British residents pack their bags, where do they tend to move to, and how do they leave unclaimed assets behind?

The Telegraph quoted that at least 400 UK citizens leave the British Isles every day. That’s enough to fill 10 double decker buses … But where are these people going?

Well … a lot of the departing Brits are heading down under, to Australia, with 1.2 million UK citizens living in Oz. According to the expats, the ‘Aussie’ dream appeals for a number of reasons. These include a better quality of life, stunning beaches, warmer climates and the al-fresco lifestyle. For skilled workers, the employment opportunities are another weighty pulling factor, with hefty salary offers.

The North American continent is the next most popular destination for expats. The USA currently houses 701,000 Brits, whilst Canada isn’t far behind with 675,000. Cheaper real estate prices, spectacular scenery and knowing what to expect with the weather are all attractions.

Of course, not all of the expats emigrate across vast oceans to the other side of the world. Spain (411,000 Brits) and Ireland (397,000) are still both very popular locations for Brits to live out their days. These both offer their own individual enticements, which have been drawing people from the UK across Europe.

Below is a complete table of the most popular country’s British citizens have emigrated to:

Country of Residence Number of UK Emigrants
Australia 1,208,000
USA 701,000
Canada 675,000
Spain 411,000
Ireland 397,000
New Zealand 268,000
France 173,000
Germany 155,000

 

So why are UK expats and emigrants losing unclaimed money?

When an individual or family packs up their home to move abroad, a breakdown in communication is easy to occur. Particularly when in all the excitement of moving, you forget to notify your financial accounts of your change in circumstance.

Financial providers will find it extremely difficult to contact you, because of their traditional methods of communication. It is also very expensive for them to trace people. When you are unable to liaise with your providers, your accounts will become inactive and dormant. Subsequently, this leads to your outstanding assets becoming trapped within these accounts. This is where your unclaimed money comes from.

Monimine utilise an innovative, digital platform and expert researchers, to ensure that we find your unclaimed assets. If you are a UK expatriate and think you might have lost money, start your search today at monimine.com for FREE.  If we match your details with an outstanding asset, we can reunite you with the money that belongs to you.

Josh Cousens – Monimine

Why Changing Address Prevents Missing Money …

Why Changing Address Prevents Missing Money …

changing address prevents missing money

The moving house headaches are never enjoyable. With so much to organise, it can be easy to forget the finer details. However, failing to notify certain people of your change in address can be the catalyst for missing money.

Once the furniture is unpacked and the bedrooms have been chosen, you need to figure out who to inform of your new address. This can seem like a daunting prospect, so we have decided to help you out and have made a comprehensive list of everybody you need to notify. By letting all these people know where you’re now living, you will minimise the risk of missing money:

Personal Checklist
  1. Family
  2. Friends
  3. Employer

Government Checklist

  1. HMRC/Inland Revenue
  2. Electoral Register
  3. Local Council
  4. Child Benefit
  5. DWP

Financial Checklist

  1. Current Account
  2. Travel Insurance
  3. Credit Cards
  4. Savings Accounts
  5. Hire Purchase Providers
  6. Pension
  7. Student Loans Company
  8. Home Insurance
  9. Loyalty Cards
  10. Car Insurance
  11. Share Register
  12. Life Insurance
  13. Premium Bonds

Utilities Checklist

  1. Water
  2. Gas
  3. Electricity
  4. Landline
  5. TV Licence
  6. Digital TV
  7. Broadband
  8. Mobile Phone

Motoring Checklist

  1. DVLA
  2. Vehicle Registration
  3. Breakdown Cover

Health Checklist

  1. Doctor
  2. Dentist
  3. Optician
  4. Vet

Entertainment Checklist

  1. Film/TV Rental
  2. Gym/Sports Clubs
  3. Newsagent
  4. Magazine Subscriptions

Miscellaneous

  1. Library
  2. Solicitor
  3. Trade Unions/Professional Bodies
  4. Schools
  5. College/Universities
  6. Pet Micro-Chipping Services
  7. Milkman
  8. Cleaner
  9. Window Cleaner
  10. Gardener
  11. Supported Charities

We know that this is a hefty list to be ringing, especially when you are trying to settle into your new home. However, a short phone call will limit the chances of missing money slipping through the cracks of your accounts.

Josh Cousens – Monimine

10 Methods Of Saving Money For The Whole Family

10 Methods Of Saving Money For The Whole Family

How to save money

The burden of living costs are a consistent headache, which inevitably become bigger when your family grows. It’s always handy to know extra ways of saving money for yourself and your household. So we’ve created a short list of 10 easy ways to save cash on your outgoings.

  • Shopping Smart

Sticking to a weekly grocery shop reduces any impulsive and unnecessary purchases. Getting everything you need in one shop will prevent the temptation of buying other treats. By meal planning, you will know exactly what you need for breakfast, lunch and dinner and won’t be swayed by the allure of a takeaway.

  • Diarising Sale Seasons

Knowing when sales are about to hit the shops is very convenient. The cheaper retail prices will allow you to fill up on items and fill your shelves until the following year. Different seasons generally tend to market sales for different items, so keep an eye out and mark them in your diary.

  • Stocking Piles

By having a reserve of items, you will undoubtedly be saving money. Stockpiling goods could be particularly worthwhile when you’re aware of the sale seasons. You will also save petrol on popping to the shop to get a full price replacement.

  • Energy Efficiency

Making minor alterations to your energy use can make major differences to your wallet. We previously spoke about a number of ingenious ways to recover money from your utility bill. See here for more info.

  • Second Hand Steals

The kids might be bugging you to buy them a new bike or a PlayStation, but you just don’t have the spare cash lying around. Buying second hand products is a lot more cost-effective, and nowadays, most things are as good as new.

  • Packing Lunch

The average worker spends £5 a day on their lunch. To put it in perspective, that’s £25 a week, £1,250 a year and an eye watering £47,500 throughout their career! Thinking ahead and taking the time to make a packed lunch will save you an absolute fortune.

  • Recycling Rewards

By recycling your old devices, you might even be able to generate a bit of extra income. Websites like Music Magpie will offer to buy your old phones, laptops, games, DVDs, CDs and any other odd things lying around the house. Although it won’t pay for your holiday to Dubai, every little helps.

  • Coupon Collecting

Coupons often appear throughout the year, and it’s well worth collecting them. With an array of discounted offers, you will be able to treat the family, but for a fraction of the cost.

  • Charity Shop Challenge

You might have a big night out right around the corner, but nothing to wear and no money to splash out? Have you ever thought to look in the charity shops? You could stumble across a hidden gem, which is certain to turn heads when you rock up at the party.

  • DIY Cleaners

A little birdy once told me a little trick to save extra pennies. By making your own cleaning products and detergents, they are cheaper than off the shelf, they don’t contain the same harsh chemicals and the finished product is just as sparkly clean.

Josh Cousens – Monimine

8 Ways To Recover Money Through Your Energy Bill

8 Ways To Recover Money Through Your Energy Bill

How to recover money from your energy bills.

Paying utility bills is an unfortunate necessity, particularly when households shell out thousands of pounds each year on their energy outgoings. Finding any ways to recover money is always going to be a bonus. With our expert money saving tips, you could knock off as much as £500 from your annual statement.

  • Lights Off

Ensuring the lights are switched off when you leave a room goes a long way to chip away at your energy bill. By using LED, energy-saving lightbulbs, you could save as much as £180 over it’s lifetime. LEDs use 90% less energy than traditional bulbs and last for a whole while longer.

  • Heat Escape

Heat has been escaping your home for decades, because of the age-old curse of the draught. Households become inclined to turn up their heating to recapture their warmth, but by addressing the issue and reducing any gaps, you can expect to save up to £50 a year.

  • Don’t Just Standby

By completely switching off your appliances and not through standby mode, most homes can save up to £30 per annum.

  • Wrap Up Warm

You have probably been hearing this one for years, but by putting on another jumper, you can keep the heating temperature sensible. By reducing your heating by just 1°C, you can cut your yearly bills by up to 10%.

  • Insulate

People can be wary of free schemes, due to their scam-like reputation. However, free loft insulation and cavity wall filler not only helps to warm your home, but we predict you could save as much as £315 from your outgoings. Researching whether you are entitled to claim any free insulation could be well worth the effort.

  • Colder Wash

By simply washing your clothes on a cooler setting at 30°C,  you could make savings of £52 a year. Occasionally using a hotter wash will help to clean your machine, but modern detergents will guarantee clean clothes on the colder setting.

  • Supplier Switch

If you haven’t changed your energy supplier in the previous three years, it’s likely you can save cash. By shopping around and using comparison sites, such as switch.which.co.uk , households can save a whopping £369.

  • Meter Read

Reading the meter and paying for what you have used allows you to avoid any complications. It is the most accurate method and unlike an estimation, you won’t be building up any credit or debit balances.


If you have any top tips of how to save cash on your energy bills, we would love to hear from you. Send us an email to josh.cousens@monimine.com.

Josh Cousens – Monimine

How To Get The Most Out Of Your Inheritance Money

How To Get The Most Out Of Your Inheritance Money

Make the most of inheritance money

The passing of a family member is never a nice thing to encounter, and can evoke a lot of emotion. The complexity of feelings can make it extremely difficult to decide what to do with your inheritance money.

People have a tendency to treat inheritances differently to other unexpected sources of cash, for example a lottery win. This is because of the emotional connection with an inheritance and the inclination to spend it wisely, opposed to the splashing of cash.

Everybody will have different ideas of how to use their families money, but here are six suggestions of how to make the most of your inheritance.

  • Separate The Accounts

We think it’s wise to open a new account to deposit your inheritance into. Keeping your finances separate will avoid any confusion and prevent any unnecessary spending on needless items.

  • Pay Off Debts

Before planning which holiday to book, or what car to buy, paying off any outstanding debts is a sensible start. Any money owed for credit cards, mortgage payments, car loans, or anything else can be wiped off. This is will allow you to restart with a clean slate. We would advise to begin with the high interest payments first.

  • Save or Invest

Saving for the future may seem boring, but it can pay dividends along the road. Opening a savings account is a good idea, espeically if you know that you will need funds in the future. With considerate planning, investing has the potential to establish a steady return on your inheritance.

  • Pension Pay In

You don’t have any debts to pay off and you’ve chosen not to save or invest. So, you may want to bump up your pension pot. By making sure that you’re financially secure when you’re finished in the working world could be a great solution for you.

  • Children’s Education

If none of the previous suggestions sound of interest to you, why not invest in your children’s future? An extra pile of inheritance money could make all the difference in getting your kid into a better school, or helping them through the eternal economical struggle of university.

  • The Rainy Day Fund

Nobody can ever be too sure in life, even the most secure of jobs can be disrupted. Having a rainy day fund to keep you and your family financed in the case of unemployment can be a reassuring influence for a lot of people. Knowing that the money is there to fall back on in the case of emergency might be the course of action for you.


The unfortunate scenario is that not all inheritances are claimed by their rightful beneficiaries. This stops people from planning their sensible course of action for their inheritance before they even know it exists. Monimine was designed to help reunite people with any outstanding assets that belong to them, even if they never knew about it. The service is completely free to use and you can start your search today at ⇒ monimine.com

Josh Cousens – Monimine

Why British Expats Should Look For Unclaimed Money

Why British Expats Should Look For Unclaimed Money

Why British expats should look for unclaimed money

Are you one of the 5.5 million Brits who has decided to live out your days abroad? British expats account for almost one in 10 of the UK population. Although Australia, Spain and the United States are amongst the most popular, Brits can be found residing throughout the whole world. The far-spread reach of UK citizens means it can be extremely difficult for institutions to contact individuals regarding unclaimed money.

When a person or family decides to leave the UK, a breakdown in communication can be a reoccurring theme. With the excitement and anticipation of setting sail for the warmer tropics, it can be easy to forget to notify your bank, pension provider or building society about your change in situation.

Once you’ve begun to establish your new life in your new home, financial providers will find it extremely difficult to contact you. It’s also very expensive for them to trace individuals, which means your accounts will become inactive and dormant. Subsequently, this will lead to your unclaimed money becoming trapped within these accounts.

Why a Money Claim Shouldn't Sleep

Expatriate pensioners are thought to be missing out on as much as £850 million in lost pension benefits. This is simply because UK pension scheme trustees have been unable to trace them since they moved abroad. Amounts owed in benefits range from £2,000 to £30,000 a year.

Fortunately, Monimine can offer you a fantastic solution. If you think that you left money behind when you packed up and moved from the UK, we can help. By subscribing to Monimine, we can cross-check your details with our data and if a match occurs, we can help you claim your cash! To save you the headache of calling all of your financial providers, our digital service will trace all of your assets from one location.

Start your search today >>> www.monimine.com

Josh Cousens – Monimine.

When There’s A Will, There’s A Way – Particularly With Unclaimed Assets

When There’s A Will, There’s A Way – Particularly With Unclaimed Assets

writing a will good for unclaimed assets

You’ve probably heard this a hundred times, but every year, thousands of adults pass away without writing a will. It may have never affected you or your family, but when it comes to finding unclaimed assets, the lack of a will makes things complicated.

Passing away without a will is also known as intestate.

The idea of writing a will in your thirties or forties may seem morbid, but it’s essential to begin planning early. The advanced preparation ensures that your unclaimed assets go to the right place, and gives you a peace of mind.

If you haven’t written a will, you’re not alone. 78% of adults between the ages of 30-39 don’t have a will, but it’s vital that you become one of the 22% who do.

We’ve compiled five reasons why it’s imperative to put writing a will at the top of your to-do list:

  • You Decide Where Your Money Goes

Without a will, it’s impossible to inform your family about where you want your money to go. Estates from an intestate individual can often end up in the hands of distant relatives, or even the government, opposed to close family and loved ones. Retrieving money back from the state can be a difficult and fruitless task, so why take the risk?

  • You Can Sleep Easy Knowing Your Family Are Financially Secure

Acting early and writing a will guarantees that, even if you die, your family will be financially looked after with the money you left to them. This becomes particularly important if your family are economically dependent on you.

  • It Becomes Easier For Your Family To Organise

Having a will in place will make it a lot easier for your family to organise your affairs and administration. This small act will save them unnecessary distress, during what will already be an incredibly difficult time. By acting now, it will be worth it for your family in the long run.

  • Plan Finances Around Your Will

Thinking ahead allows you to plan your budget around a will. You may wish to cut some costs on your home insurance, or weekly shop, so that you can pay into a savings account for your daughter. Writing a documented will encourages you to become organised with finances, by putting money into the correct accounts. Organisation is never a bad thing.

  • Reduce Inheritance Tax For Surviving Family Members

The families of those who have died intestate end up paying significantly more inheritance tax than those that don’t. Reducing inheritance tax is especially important if you’re planning to leave money to a spouse or partner. If you pass away intestate, they might be forced to pay a hefty inheritance bill, and your assets could end up going to other, distant relatives, rather than them.

Whether you’re in your thirties or your seventies, writing a will is of the utmost importance.

Have you written a will yet? Do you have any recommendations or advice? Let us know in the comments below.

Josh Cousens – Monimine.

Help Your Dad To Find Unclaimed Cash On Father’s Day

Help Your Dad To Find Unclaimed Cash On Father’s Day

Find unclaimed cash for Father's Day

With Father’s Day just around the corner, it’s a chance to say thank you to your old man. You might usually get him a few beers, cook him a meal or take him out, but what are you getting him this year? Well, we might just have the perfect solution … in the shape of unclaimed cash.

Your Dad could be unaware that he is owed a quantity of unclaimed money. Figures suggest that up to £25 BILLION of missing money is trapped within UK financial institutions. Imagine losing a couple of quid down the back of the sofa and forgetting about it. Well this is a similar scenario, only on a much bigger scale. It can be surprisingly easy to lose track of financial accounts.

I’m sure your Dad would appreciate it if you pointed him in the right direction. Monimine offer a cost free service, which allows the user to seek out any lost assets they’re entitled to. We have expertise and experience in the industry, backed by innovative technology which is a front runner in the asset tracing game.

Just imagine … you suggest to your Father that he should sign up to Monimine. He does, and he finds a match. Individuals can be matched with anything from £50, up to £500,000. I don’t know about you, but I think he would be pretty chuffed with that.

Your Dad may be a fan of traditional presents, but no one will turn their nose up at free money. Of course, you’re welcome to sign up to Monimine yourself and discover whether you have any lost assets of your own.

Head to Monimine today and fill in some basic family information to begin your journey. If you have been successful in matching with any lost assets, you will be the first to know.

Josh Cousens – Monimine.

Five Unlikely Places You Can Find Unclaimed Money

Five Unlikely Places You Can Find Unclaimed Money

5 Unlikely Places To Find Unclaimed Money

Unclaimed money can often manifest itself in unexpected forms, which has given people the impression of ‘shape shifting.’ Lost money can hide in the dark corners and hidden crevices of your financial accounts. So, knowing the right places to dig is key to discovering where the lost assets are buried.

Discovering unclaimed money can be referred to a ‘blessing in disguise,’ but it’s important to focus on the positives. The morale of the story is that you have been reconnected with the missing money that is rightfully yours.

We have outlined five hiding spots where lost money could be concealed in your personal finances:

Premium Bonds

It’s a common misconception that premium bonds hold only small amounts, with little returns. Unclaimed pension bond prizes occupy around £44 million in the UK. The largest unclaimed prize to date is £25,000, which dates back to a draw in 1991.

Premium bond prize winners are generally notified by letter or a personal visit – both of which require a current address. Understandably, many prizes are unclaimed due to the age-old problem of recipients changing address and failing to notify NS&I.

Amongst the chaos of moving house, the tiny detail of formally changing address can be easy to slip your mind. Remembering to stay on top of this is the easiest way of preventing money slipping through the cracks of your accounts.

Bank and Building Society Accounts

A predicted £400 million has been lost in bank and building society accounts. This equates to one of the largest sources of lost assets on this list. This hefty sum is made up of funds which are held in over 500 banks, over a 100 year period.

Bank accounts can become unclaimed for an array of reasons. The most common is the account holder forgetting its existence and leaving the account dormant for months, even years.

Another factor is when account holders pass away without writing a will. This makes it extremely challenging for anybody entitled to inherit their share from the account. This is because there is no proof that the money belongs to them. This can occur if you’ve been left money by a partner, close family member or distant relative.

Similarly to bank accounts, one of the biggest obstacles banks face is the failure of account holders to notify them of a change in address. If the bank cannot contact you about your account, they categorize you as a missing, or ‘gone away’ customer.

Savings and Investment Accounts

Hundreds of millions of pounds of lost assets are trapped within dormant savings accounts in NS&I alone. The highest amount of NS&I‘s unclaimed funds are held in investment accounts and fixed interest savings accounts – adding up to over £600 million.

If you include international banks, this figure rises into the billions.

The explanation behind savings and investment accounts going ‘missing’ are very comparable to bank accounts. However, for the financial companies holding savings accounts, there are additional problems.

Each bank or financial company offers a huge variety of different savings accounts, sometimes leading into the hundreds. Understandably, they can make it even harder for the financial company to track which pot of unclaimed money belongs where, and to whom.

Stocks and Shares

Statistics indicate that there is at least £12 billion in shares from privatised companies, which has never been claimed. This figure also includes any dividends (annual sums) that the company was due to pay the shareholder from its profits.

The old system of share certificates, rather than holding shares through nominees like nowadays, meant that shareholders simply ‘disappeared’ if they moved and forgot to give their forwarding address.

In the present day, this has left thousands of people out of touch with their shares in companies. Whether your share was in a large corporation or a small start-up, you still possess the same right to be reunited with the shares that are owed to you.

Life Insurance and Pensions

At an estimated £400 million, unclaimed life insurance and pensions account for one of the largest portions of unclaimed money in the UK.

Although there is no exact figure, there could be as many as 5.5 million pension records that hold uncollected money. These uncollected pensions can be traced to financial companies of all sizes.

Just like other types of financial accounts, forgetting to notify of a new address is a huge problem. Forgetfulness can play a massive role in individuals becoming unattached from their pensions. A common trait of getting older can often be losing your memory, and in this complex and difficult process, many pensioners can forget to claim pension money which is owed to them.

Something which has further exacerbated the problem of unclaimed pensions is the popularisation of company pension schemes. Research by Equiniti has suggested that the average person will have at least six jobs in their lifetime.

When a person leaves one job for another, it can be especially easy to forget you are owed money from an old company pension pot, particularly if you are not yet at a pension age.

Keeping on top of your pensions in your current and previous companies is crucial to ensure you’re on top of your ever-changing finances.

Conclusion

With a varied assemblage of possible sources, finding lost money can sometimes feel like an impossible game of ‘Where’s Wally?’ However, you are not alone and there are resources that you can use to help you in your search.

We stress the importance of informing your bank, building society or financial company if you change address.

Despite being a seemingly negative situation, it is encouraging to know that something so easy could ensure you will never lose touch with your money again.

Josh Cousens – Monimine.

We Have No Hidden Agenda, We Just Want To Help Find Your Unclaimed Money

We Have No Hidden Agenda, We Just Want To Help Find Your Unclaimed Money

We want to find unclaimed money

The Monimine business has not been engineered as a scam. It was not designed to resemble the hard sell of a mis-sold PPI policy. Nor was it intended to remind people of a tedious television advert. Much like the overseas relative who has promised a small fortune in return for your bank details. Monimine is the product which will reunite you with any unclaimed money that lawfully belongs to you for FREE.

Monimine is 100% financially free to the consumer. Our financial backing comes from banks, building societies, life and pension companies, asset managers and others (collectively the Financial Services Industry ‘FSI’). We also give you our word that no data will be sold to an external party.

Our 21st century asset reunification technology will provide you with the greatest chance of being united with any gone away accounts that belong to you.

We also want to make you aware that all cases will be treated the same, no matter how big or small the sum owed is. Monimine are a trusted brand, and our current users already share the confidence in our mission to connect people with unclaimed money.

You can even withdraw from the service at any point, for no cost, if you choose to.

Our ultimate end goal is to completely solve the global issue of dormant accounts and reunite any unclaimed money with the people it rightfully belongs to. We understand that this will not happen overnight, but you can help to make a difference. By registering your details for free with Monimine, your information could be the missing link between matching a third party with their unclaimed asset. More to the point, it could connect YOU with your lost funds.

Start your search today at www.monimine.com

Josh Cousens – Monimine.

Cash In On Your Money Claim With a Free Monimine Lottery Ticket

Cash In On Your Money Claim With a Free Monimine Lottery Ticket

Money claim through free lottery ticket

Do you spend time each week, thoughtfully scribbling over your six lucky numbers. Hoping to see them drop out of a tube on a Saturday night to change you life forever? The National Lottery has been a source of financial hope for countless households since its inception in 1994. Monimine will give you your own completely FREE lottery ticket. The overall pot weighs in at an estimated £25 billion – and with your money claim, you could win a portion of that sum.

This massive amount of unclaimed money is left sitting within financial institutions because of ‘gone away’ accounts. This is when the rightful owners to sums of money cannot be traced.  The reasons for not being able to find these parties can be address changes, deceased relatives or inadequate record keeping.

Monimine aims to solve this problem by matching the records of gone away accounts to your family details. This will help reduce the number of dormant accounts sitting within large financial companies. But will also reunite you with any lost money that you’re entitled to.

We are the ONLY business who is offering this service completely cost FREE to the consumer. Our subscription service is easy to use and we give you our guarantee that any information you share with us will be treated in the strictest confidence. You can also withdraw your money claim at any point if you choose to.

Our experienced business development team is in advanced discussions with a number of reputable financial institutions. These include an array of asset managers, banks and life and pension businesses. These contracts will aid your chances of connecting with any unclaimed assets.

GET YOUR FREE MONIMINE LOTTERY TICKET TODAY – monimine.com

Josh Cousens – Monimine.

Money Shouldn’t Sleep.

Money Shouldn’t Sleep

In an age where; footballers are bought and sold for £89 million, and the USA has $17.9 trillion worth of debt. It’s easy to forget the real value of the smaller figures. However, if you put the idea of $17.9 trillion and divide that by the number of citizens in the USA, you find that the debt equates to a $55,489 per person. This brings us closer to understanding the implications of those vast numbers.

Imagine just what that sort of money could do in your community.

There’s been a lot of commotion, in both government and financial circles, around the term ‘unclaimed assets.’ In fact, No. 10 formed a team called the ‘Independent Dormant Assets Commission’ to undertake an in-depth investigation. A dormant asset can be something like an unclaimed bank account, insurance policy, or even a pension scheme. They can become dormant for a number of reasons, mainly people move and forget about them.

Or, if I may paint you a picture …

A couple, let’s call them Tom and Barbra Goode, live and work in Kent for 70 years. Everywhere Barbra works, she opens a pension scheme. She also has savings in accounts which Tom is unaware of. In their formative years, they move to Norfolk to be close to their children and grandchildren. They live happily for a year at their new address, until, Barbra falls ill and develops Alzheimer’s. Barbra then moves to a care home.

Unfortunately, shortly afterwards, Barbra is transferred to the Norfolk and Norwich hospital where she passes away. In the time Barbra has been ill, Tom has not been able to discover the details of Barbra’s full estate, and update the records. The bank records will be registered to Barbra at her last residence, and the death certificate will say Norfolk and Norwich hospital. Quite clearly, neither Tom or Barbra are at either of these addresses. Furthermore, in Barbra’s Will, it states; ‘everything in my estate to be left to my spouse’. Unfortunately, no-one knows what ‘everything’ is.

Now, when a financial intuition looks to find Barbra, they can easily find that she is deceased using a register. They will then write to her last know address – the care home. Tom has since downsized and opted out on the edited electoral roll to prevent his name being sold on. He has not updated the care home on his move. From there, you can begin to understand how easy it is for accounts to become ‘dormant.’ At any point in this illustration, contact could be lost.

But who cares if someone’s got three quid in an account they’ve forgotten about? Well, (we’re buying footballers again) the government has estimated that there is £25 billion sitting in those dormant assets. I’ll break it down to its constituents, £25 billion worth of unclaimed assets in the UK shared between the number of households (UK) equates to around a £1400 per household. That’s useful on both a person and economical basis.

Anyone who knows me will understand that, for me, money doesn’t make the world go around. But, it helps me sit in a warm house, or go away with loved ones, or fix the clutch in my car. This is our money, it’s not owned by financial institutions, they are looking for you. It’s not owned by the government, it belongs to the people. The difficulty has arisen in the problem of having an industry-wide, and financially viable solution, so as to find beneficiaries, and re-establish contact with them.

There’s a body called the FCA, anyone who knows the financial sector will know them. In stands for ‘Financial Conduct Authority’ and they do what it says on the tin. (i.e. makes sure the people who you give your money to invest it wisely, look after it legally, and allow you to have it when you want it back.) They’re big news, the FCA can dish out fines of £200 million without unsteadying their boat. They have said (Ref FG16/8 Sub outcome 2.58) “We would welcome an industry wide solution, to improve the process of re-establishing contact with ‘gone-away’ customers.”

This solution must be three things … once … for everyone … and forever. It’s no good to solve this issue for six months because people are moving and dying 24/7. It can’t only reunite the big accounts, (there are less of them and they make up the same amount as many smaller ones) it’s not financially viable. And, it must operate regardless of geography, circumstance, or personal financial situation. It needs to be free, and, updateable, easily, from anywhere, on any device. This is how we reached www.monimine.com

What we are trying to achieve is a matter of importance to a lot of people. The Independent Dormant Assets Commission has stated that any assets, if not re-united will be going to charity. Sounds great! Unfortunately the FCA have also said that, when the rightful client claims the account, (Ref: CASS 6 . 2. 8 ) “the firm must unconditionally undertake to pay the client concerned a sum equal to the value of the safe custody asset [i.e. account/policy, etc.] at the time it became liquidated.” Essentially, financial institutions are being pulled in opposite directions, and face the prospect of having to pay out twice. Not ideal, when there are so many lost customers.

Everyone asks the same question at this point, ‘so, is charity losing out?’ No, ironically, in the Monimine solution, because institutions will be able to achieve a high level of certainty that, because neither they, nor Monimine, nor direct client can find their asset, they won’t be found. Whatever is then left over can be paid out with less risk. This amount is very likely to be higher than the amount paid out in the original scenario.

Plus, direct benevolence is a great revenue for the third sector, the UK public are incredibly generous (the estimated total amount donated to charity by UK adults in 2014 was £10.6 billion [Ref CAF online]) . With Monimine we free up extra disposable income to the public to spend how they wish.

If this is something you feel you can back; be it signing up, supporting the cause or talking to friends and family about us, please visit www.monimine.com where you can find all the information you need. It is 100% free and we don’t take any financial data, just dates, names and addresses. What’s more, this information will never leave Monimine, or the financial institution you deal with.

If you are from a financial institution reading this, and like what you hear but want to find out more, please send me an email via andy.davies@monimine.com. It would be great to tell you how we can ft into your business strategy towards re-establishing contact with your, gone away, safe custody asset holders. And, just how we are doing exactly that for Monimine’s current clients.

Andy Davies – Monimine.

700 Users Already Closer To Their Unclaimed Funds

700 Users Already Closer To Their Unclaimed Funds

600 Monimine Members Already Closer To Unclaimed Funds

Over 700 people have already begun their Monimine journey and are the next step closer to finding their unclaimed funds. An article was recently published by Marie Kemplay in Which Magazine about the services that we provide, which inspired a large number of users to register their details with Monimine.

By entering some basic family history into our user friendly software, you too could discover that you are the rightful owner to a sum of unclaimed funds. With a predicted £25 billion of assets currently unclaimed in the UK, there is every chance that you could be the rightful owner to a chunk of it.

The only way you will find out is by starting your Monimine campaign today!

Josh Cousens – Monimine.