NS&I urged to join Tell Us Once scheme with more than £105m of Premium Bond prizes unclaimed
National savings and investments (NS & I) were asked to register with a plan that helps to simplify the process of notifying organizations after death as part of the ‘lost’ currency efforts with their owners.
Last month, more than 2.5 million premium bond prizes, whose money mail was about £ 105 million, was not requested.
This includes 100,000 £, 50,000 £ 19, 25,000 £ 38 and 10,000 £ 75 awards.
Treasury -supported bank emphasized the importance of updating customers’ details and selecting the awards paid directly to bank accounts.
In 2024-25 financially, NS & I said that the owners who lost their contacts with their savings and investments thanks to my monitoring service and missing account reunited by more than £ 52,693 NS & I.
This includes more than £ 120 million in premium bond savings, $ 11.4 million from the old savings certificates and £ 1.3 million from the old children’s bonus bills.
Lost pots: Last month, more than 2.5 million premium bond awards worth £ 105 million in money mail was revealed
But what is the consumer group? Now he wants us to register to tell us once, which allows you to report a death to most government departments at once.
If the dead person lives in England, Scotland or Wales, it can be used to report organizations such as HMRC and DVLA about death.
Local authorities such as the city, Reading and Norfolk offer service on websites.
Sam Richardson, which is the assistant editor? Money says: ‘NS & I, I have a real opportunity to set an example for a wider industry, and if it was potential to join us once, it may stop to make the process more smooth.’
NS & I said that it has successfully paid to its winners
Most of the unqualified awards are won by the owners who do not save their details with NS & I and move without saying and return checks.
According to NS & I, in January 2024, the majority of the 32,289 unattended prize was sent as a check.
A spokesman for NS & I: ‘We are currently not a part of Tell us Service, which usually focuses on updating state departments such as benefits, passports and pensions instead of banking services and investments that require more individualized contact with managers.’
