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.
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.