Changes to the Financial Services Compensation Scheme - Contractor UK Bulletin Board

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tractor replied

3 July 2015, 14:39
....

Originally posted by jmo21 View Post

just checking you knew that it wasn't just a single account.

Won't affect me I have 85p

Sorry for the errors I was in a rush.
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jmo21 replied

3 July 2015, 14:26
Originally posted by tractor View Post

Reduction to 75k here

So you have until 31st Jan to make alternative arrangements if you have more than 75k on deposit in any single financial institution.

just checking you knew that it wasn't just a single account.
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TheFaQQer replied

3 July 2015, 14:16
1st Jan, surely?
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tractor started a topic Changes to the Financial Services Compensation Scheme

3 July 2015, 13:47
Changes to the Financial Services Compensation Scheme

Reduction to 75k here

The Bank said: “The new limit has been set today at £75,000. However, HM Treasury has put in place legislation to maintain the existing limit of £85,000 until 31 December 2015 for depositors who were previously protected by the FSCS and continue to be protected (including individuals and small companies).”

So you have until 31st Jan to make alternative arrangements if you have more than 75k on deposit in any single account.
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