I will soon inherit some money and planning to add it to my savings account, with Kent Reliance.The amount I currently hold is within the Financial Services Compensation Scheme (FSCS) limit of £85,000, so I should be protected if Kent Reliance went bust.But what if my inheritance pushes me over the limit?C. Milton from London
source https://www.which.co.uk/news/article/is-my-inheritance-safe-if-my-building-society-goes-bust-aynsx1S0jJPZ
'Your money is safe - for six months at least'
Joanne Padilla, Which? Money expert, says...However, there is an additional limit for temporary high balances in certain circumstances – for example, proceeds from the sale of your home, an inheritance or an insurance payout.
This extends the limit to £1m for six months, and it is separate from the original £85,000 limit.
Note down when your six months will expire and transfer the money elsewhere.
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undefinedsource https://www.which.co.uk/news/article/is-my-inheritance-safe-if-my-building-society-goes-bust-aynsx1S0jJPZ