Expat money tips – don’t forget to update your address details when you move

There are hundreds of millions of Pounds held in misplaced, lost and forgotten about accounts.

According to UK’s Department for Work and Pensions (DWP), there is currently GBP400 million sitting in unclaimed pension pots alone.

The major cause of this is people simply changing their address and and not updating their bank/pension provider/insurance company with the new details.

This is especially relevant for expats, who tend to move more frequently.

Further reading:

How to trace any lost or forgotten about pensions