Money Saving Expert Martin Lewis has issued a warning to anyone who has bought or rented a property since 1993. Millions of people may have overpaid on council tax, but don't even realise it.
An investigation by MoneySavingExpert.com revealed more than £230m is sitting unclaimed in 1.7m closed or inactive council tax accounts across England, Scotland and Wales. READ MORE:Some Brits can buy £5,000 extra State Pension for £800 from the DWP, expert says Martin Lewis founder of the consumer website, said: "Councils are sitting on a staggering amount of money, at least £230m spread across 1.7 million accounts, which works out at an average of well over £100 sitting in each closed account. "And while councils do make efforts to track down those who are owed, many don't do it well enough, especially when people have moved out of their area and are no longer their responsibility. "That means we all need to take responsibility for ourselves." Owners of these 1.7m council tax accounts should've been refunded when the account was closed.
The credit in them accumulates as households pay council tax a month or a year in advance, meaning it's common for people to have leftover credit when they move house.
Credit is also added if a person overpays their council tax bill, if a resident moves out, or if someone living in the property dies.
Read more on manchestereveningnews.co.uk
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