It seems that everyone has different views on how to spend money. What do you do with money that has been dormant and unclaimed for many years? Recently the UK has made known how it wishes to handle its unclaimed assets.
Chancellor Gordon Brown said in his pre-budget report that banks and building societies had agreed that unclaimed assets held in accounts will be diverted to help improve youth services and financial education. It said banks could have an option to focus on their local community charities.
Dormant accounts will be defined as those untouched for 15 years.
{"id":67,"date":"2005-12-20T01:55:30","date_gmt":"2005-12-20T06:55:30","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/uncategorized\/uk-has-decided-to-give-unclaimed-funds-to-charity"},"modified":"2005-12-20T01:55:46","modified_gmt":"2005-12-20T06:55:46","slug":"uk-has-decided-to-give-unclaimed-funds-to-charity","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/unclaimed-funds\/uk-has-decided-to-give-unclaimed-funds-to-charity","title":{"rendered":"UK has decided to give unclaimed assets to charity"},"content":{"rendered":"\n\n\t<\/p>
It seems that everyone has different views on how to spend money. What do you do with money that has been dormant and unclaimed for many years? Recently the UK has made known how it wishes to handle its unclaimed assets.<\/p>\n\n\t
<\/p>
Chancellor Gordon Brown said in his pre-budget report that banks and building societies had agreed that unclaimed assets held in accounts will be diverted to help improve youth services and financial education. It said banks could have an option to focus on their local community charities.<\/p>\n\n\t
<\/p>
Dormant accounts will be defined as those untouched for 15 years. <\/p>\n\n