
More than £100 million Premium Bonds winnings unclaimed
This includes more than £120 million in Premium Bonds savings and unclaimed prizes, £11.4 million paid out from old savings certificates and £1.3 million from old children's bonus bonds.
This Morning consumer editor Alice Beer says: "For the first time, unclaimed prizes, the amount of money of unclaimed prizes, has gone beyond £100 million. So it's sitting there, it's yours whenever you want it. It's waiting for you.
She adds: "Look around the country at where those those amounts are.
"Go onto the website and get your winnings. Have a look and check."
You can check your numbers here.
In 2024-25 more than £6.2 million from 192,071 previously unclaimed Premium Bonds prizes was paid out to 51,310 Bond holders, either through tracing services, customers updating their details or checking for unclaimed prizes.
NS&I has successfully paid out over 99% of all Premium Bonds prizes to its winners since 1957.
It highlighted the importance of customers updating their details and opting to have Premium Bond prizes paid directly into their bank accounts.
Andrew Westhead, NS&I's retail director, says: 'These figures are a timely reminder to update your details, talk to your loved ones about your savings and make sure your money stays firmly in your hands, both now and in the future.'
Premium Bond prizes are considered by NS&I to be 'unclaimed' after 18 months, but there is no time limit to claiming them.
NS&I defines unclaimed assets as holdings in closed products and assets kept in open products where there have been no customer financial transactions for a period of 15 years or more.
Recommended reading:
How to collect unclaimed Premium Bonds prizes (and to avoid losing them in the first place)
Keep contact details up-to-date. This can be done on NS&I's website. To prevent Premium Bond prizes going unclaimed, customers can choose to have winnings paid directly into their bank account, or automatically reinvested into more Premium Bonds, with nine in 10 prizes now paid in these ways. Balances can be checked on the NS&I app, and Premium Bond wins can be checked on the prize checker app. Old NS&I bonds, certificates, passbooks or account paperwork can often be found tucked away in drawers or among old documents. Customers who find forgotten savings are encouraged to use NS&I's tracing service to locate any funds due to them.
Sarah Coles, head of personal finance, Hargreaves Lansdown, adds 'Eleven people in the UK have £100,000 with their name on it, just sitting, collecting dust, in the vaults at NS&I.
'They're among an eye-watering £103 million worth of unclaimed Premium Bond prizes, so it's worth checking whether you've already won big.
'People tend to get separated from their accounts when they move house and forget to update their address with all the companies they hold money with.
'It's not just Premium Bonds, vast sums of savings, investments and pensions go astray this way too. It's why in the first few weeks after you have moved in, it's essential to make a list of everything you hold, and methodically work your way through contacting every company to let them know your new address.
'It can also make sense to consider consolidating accounts so you don't have so many to keep track of in future.
'The easiest way to avoid losing track of Premium Bond prizes is to have your winnings automatically paid into your bank account – or automatically used to buy more bonds.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Times
4 hours ago
- Times
My pension is up £167k — and I've only put £7k in
When Jaspal Saund transferred £743,000 that he had spent years building up in workplace pensions into his own self-invested personal pension (Sipp), he was terrified. 'If you lose the money, it is on you, nobody is going to step in and help you,' said Saund, 56, who is a chartered accountant. Yet he felt it was something he had to do to turbocharge his pension, as getting a Sipp would allow him to invest more heavily in the stock market. Now, nearly 20 months and 95 trades later, Saund, who lives in South Woodford, east London, has grown his pot by £167,000, to £910,000, despite saving only £7,200. His goal is to have a pension pot of £2 million before his planned retirement at 67. 'Pension portfolio theory tells you that at my age you should really be much heavier in bonds and gilts and less in equities,' Saund said. 'But staying more heavily invested in shares has paid off and propelled me closer to my goal.' • Top of the pension pots: the best place for your Sipp Saund's decision to take control of his pension and concentrate his investments on the stock market is not the usual strategy for people who are approaching retirement. Most of the 22 million employees who are signed up to workplace pensions are part of their companies' default schemes. Many of these schemes automatically move clients into less risky assets in the years leading up to retirement. Helen Morrissey from the investment platform Hargreaves Lansdown said: 'A popular approach taken by many default funds is to adapt to what is known as lifestyling, where you are switched out of equities to lower-risk assets such as bonds, the closer you get to retirement.' Equities are considered to be more risky because they are subject to market volatility and potential losses. Bonds are effectively IOUs from the government or companies. The returns are guaranteed and in the case of UK government bonds — known as gilts — there is very little chance of default. They also provide regular interest payments. By switching to bonds, savers can ensure their pots are protected from the ups and downs of the stock market. This lifestyling process can happen up to 15 years before someone's stated retirement date. But it can mean missing out on significant returns. Someone on a starting salary of £25,000 at 22, who retired at 65 and saved 8 per cent into their pension throughout their career would have a pot worth £283,000 if it was moved into less risky assets (with 33 per cent stocks and 42 per cent bonds) 15 years before retirement, according to the consultancy Isio. If that pot stayed in the typical growth fund (with 83 per cent shares and 6 per cent bonds), it would be worth £308,000. This assumes a salary increase of 2 per cent a year and investment growth of 7 per cent a year after fees. Saving enough for retirement has become increasingly important as life expectancy and the cost of living have risen. In June the trade association Pensions UK reported that the minimum amount required for a single retired person to live a comfortable retirement was £43,900 a year after tax, assuming you don't have to pay rent or a mortgage, up from £33,600 in 2021. You would need pension savings of at least £800,000 to afford that standard of living, according to the wealth manager Quilter. Laith Khalaf from the investment platform AJ Bell said: 'For many people, there is a fundamental mismatch in terms of what the lifestyle investment strategy is trying to achieve and what is going to happen in their retirement.' Saund puts £400 into his Sipp every month. He also has a workplace pension into which £780 is paid by his employer every month and a £20,000 pension from a former employer that could not be moved into his Sipp. • The cheap and easy way to invest (without the risk) 'I've got three kids and because of the nature of what I do, and how intense it is, I probably can't keep doing this past 67,' Saund said. 'My target is to get to £2 million to be comfortable, which is achievable over the next ten years, if I don't do anything stupid.' After consolidating four of his workplace pensions into a Sipp with AJ Bell, he was given full control of the stocks and funds he invested in. His wisest move has been to heavily back US tech stocks. This included ploughing £262,000 into JP Morgan's US Select Equity fund, and £200,000 into the bank's US Technology fund. After seeing what he called a 'wobble in the US market' last July, he sold the US Select Equity fund, which invests in Apple, Microsoft and Amazon, for £332,000, while the US Technology fund was sold for £223,058. Saund is also one of many winners from investing in the US chipmaker Nvidia, which was recently valued at $4 trillion. He has a stake worth about £188,000, having bought the shares for £143,700. This included buying £75,000 worth between late February and early March, after they fell 8 per cent on news of a weaker-than-expected quarterly forecast. That £75,000 investment is now worth more than £98,000. Saund's decision to keep heavily invested in equities instead of following the lifestyling approach has paid dividends. Analysis by AJ Bell found that if he had transferred all his £743,000 pension pot to the average lifestyle bond fund (which is fully invested in long-dated bonds with the purpose of preparing for retirement) in October 2023, it would be worth about £792,000. But even Saund has decided to reduce his risk in the past year amid market volatility. Last August he used some of the proceeds from selling the JP Morgan Funds to buy £400,000 of 30-year UK Treasury bonds with an interest rate of 4.25 per cent. He bought another £100,000 of bonds in March. In total they return about £22,000 a year, providing another boost to his retirement funds. • Banks to push cash savers towards investing While the potential returns of having all of your pension in equities might be appealing, it comes with its risks. 'If you take out a full equity approach and are reliant on it for income, you could be having to sell shares when they are at market lows,' Khalaf said. And lifestyling still has a place, particularly for those who don't want to actively manage their investments, according to Sonia Kataora from the investment consultancy Barnett Waddingham. 'Lifestyling can offer a hands-off approach, which can be reassuring to individuals not confident or interested in managing their pension investments.'


Daily Mail
16 hours ago
- Daily Mail
Supermarket begins selling Christmas themed treats in JULY as Brits jet off on their summer holidays
It's the middle of the school summer holidays and the mercury is still riding high – but that hasn't stopped Asda turning its attention to Christmas. Pictures on social media show packets of Maltesers Mini Reindeers and Haribo Merry Mix on display at the supermarket five months before the festive season. One user posted an image of a Cadbury Mini Snowballs chocolate bar they claimed to have bought on July 25. Some of the products were also available to buy on Asda's website. Retail analyst Richard Hyman says he has never come across Christmas items being displayed so early into the year. An Asda spokesman explained: 'We know how important it is for our shoppers to be able to spread the cost of Christmas and we start to see searches for Christmas products on as early as August. Confectionery in particular is one of those items that can be kept aside for those customers who like to get everything prepared in plenty of time.' Sarah Coles, head of personal finance at Hargreaves Lansdown, said: 'Every year we say that Christmas is coming earlier, but starting in August has been the norm for some retailers for years. 'For retailers trying to sell us Christmas gifts, there's less mileage in starting in the summer. 'People will shop early, but once they've bought each present, their list is done and dusted. It's why September will usually see the launch of Christmas departments. For supermarkets, there's a huge opportunity to persuade people they're stocking up early, on the understanding they'll end up eating everything and having to do it all over again.' The British Retail Consortium predicted food inflation would rise to 6 per cent by the end of the year and 'pose significant challenges to household budgets, particularly in the run-up to Christmas'. Grocery price inflation rose to 5.2 per cent in July, up from 4.7 per cent and the highest level since January 2024, according to market researchers Worldpanel. Ms Coles added: 'As long as we're not busting the budget, there's no real harm in getting into the festive spirit early.'


South Wales Guardian
a day ago
- South Wales Guardian
Asda points to ‘spreading cost of Christmas' as festive stock spotted on shelves
Pictures on social media appear to show packets of Maltesers Mini Reindeers and Haribo Merry Mix on display at the supermarket at the end of July, some five months before Christmas. One user posted a picture of a Cadbury Mini Snowballs chocolate bar they claimed to have bought on July 25. Some of the products are also available to buy on Asda's online grocery shopping website. An Asda spokesperson said: 'We know how important it is for our shoppers to be able to spread the cost of Christmas and we start to see searches for Christmas products on as early as August. 'Confectionery in particular is one of those items that can be kept aside for those customers who like to get everything prepared in plenty of time.' An industry expert said the supermarket's introduction of the themed products at such an early stage could help boost its sales. Sarah Coles, head of personal finance at Hargreaves Lansdown, said: 'Every year we say that Christmas is coming earlier, but starting in August has been the norm for some retailers for years. 'For retailers trying to sell us Christmas gifts, there's less mileage in starting in the summer. 'People will shop early, but once they've bought each present, their list is done and dusted. It's why September will usually see the launch of Christmas departments. 'For supermarkets, there's a huge opportunity to persuade people they're stocking up early, on the understanding they'll end up eating everything, and having to do it all over again.' The British Retail Consortium said on Thursday it expects food inflation to rise to 6% by the end of the year, and that will 'pose significant challenges to household budgets, particularly in the run-up to Christmas'. Grocery price inflation rose to 5.2% in July, up from 4.7% a month earlier and the highest level since January 2024, according to market research firm Worldpanel. Ms Coles said: 'For shoppers, as long as we're not busting the budget, there's no real harm in getting into the festive spirit early. It's just important to keep an eye on your spending. 'One sensible option is to keep the receipt from your previous shop and then compare it at the till. If your Christmas treats are taking you beyond what's affordable, you will need to keep a lid on them until closer to the big day.'