Claim your free money from Scottish Widows

Are you a Scottish Widows policyholder? Then you could be in line for a windfall. The life assurance giant is looking for 33,900 people who it owes a total of £70,080,000. Individual sums owed range from £600 for those who only held non with-profits policies, to one payment of £102,645.58.

Are you a Scottish Widows policyholder? Then you could be in line for a windfall. The life assurance giant is looking for 33,900 people who it owes a total of £70,080,000. Individual sums owed range from £600 for those who only held non with-profits policies, to one payment of £102,645.58.

Theose owed money are final policyholders who haven't claimed their demutualisation payments. Scottish Widows Fund & Life Assurance Society demutualised in March 2000 triggering payments to 1.6m members. But 86,000 failed to claim the payments.

Scottish Widows has managed to trace 51,700 of these people, but the rest are unaccounted for.

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Policy holders only have until March 2010 to claim their money. That is the last point at which you can register a claim - any money still unclaimed at that point will be added to the Scottish Widows With Profits Fund.

So, if you were a Scottish Widows customer in March 2000 contact them now to claim your money. You can find out how to claim your cash at www.scottishwidows.co.uk/unclaimed

Even if you aren't a Scottish Widows customer, you could be owed money you've forgotten about. Over £1bn is lying in lost or forgotten bank accounts in the UK. To check whether you have any forgotten accounts or unclaimed pools or premium bond winnings visit Mylostaccount.

Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings and credit cards to pensions, property and pet insurance. 

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping among many other titles both online and offline.