How safe is my company money? – update

by | Jul 3, 2015 | News

UPDATE: On 3rd July 2015 the Treasury announced that the amount per person and per banking licence protected will be reduced from £85,000 to £75,000, and this change will happen on 1 January 2016. This is because the amount is designed to be equivalent to approximately €100,000, and the exchange rate of sterling is stronger now than it was last time the threshold was set.

So from 1 January 2016, £75,000 will be the figure to remember, not £85,000.

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