Have you forgotten about a large sum of money that is rightfully yours? Naturally, you will answer no – but don’t be too certain. It is more common than you might think to lose track of old bank and savings accounts, life insurance policies and even pensions.
The government is keen for us to save for retirement. But it can’t afford to let us to save too much. The generous tax breaks to encourage pension contributions mean that the more we pay in, the more it costs the Treasury.