A few questions in relation to depositor protection..
According to this article http://www.contractoruk.com/news/004019.html if you have your ltd company account and your personal account at the same institution you are only covered to a total of £50,000.00. Is this correct? They are separate entities so find this difficult to believe. If this is the case I think I need to look at moving my personal accounts to a new institution.
Secondly is the £50,000.00 protection cover per person or per institution? For example lets say one has two personal accounts at two different institutions both with the £50k in them and they both went bust, would one be coved for the full £100K?
According to this article http://www.contractoruk.com/news/004019.html if you have your ltd company account and your personal account at the same institution you are only covered to a total of £50,000.00. Is this correct? They are separate entities so find this difficult to believe. If this is the case I think I need to look at moving my personal accounts to a new institution.
Secondly is the £50,000.00 protection cover per person or per institution? For example lets say one has two personal accounts at two different institutions both with the £50k in them and they both went bust, would one be coved for the full £100K?
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