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UK Pensioners: Complete This Form or Your Bank Account Could Be Frozen

Oliver Pembroke — Pension & Tax

81,872 views

Could your bank account really be frozen after you pass away? For many UK pensioners, this is an important issue that can affect how quickly loved ones can access funds needed for funeral costs, bills, and estate administration.
In this video, we'll explain what normally happens to a bank account after death, why some accounts are temporarily frozen, and the simple steps that may help make things easier for your family. We'll also discuss the important forms and estate planning documents that every UK pensioner should consider.
In this video you'll learn:
Why banks may freeze an account after someone dies
What happens to pensions and savings after death
Which documents can help your family manage your finances
Common mistakes to avoid
Practical estate planning tips for UK pensioners
Planning ahead can save your loved ones time, stress, and unnecessary complications. Make sure you understand your options and take the right steps before it's too late.
👍 If you found this video helpful, please Like, Subscribe, and turn on notifications so you never miss important updates for UK pensioners.
💬 Have a question or experience to share? Leave a comment below—we'd love to hear from you.
Disclaimer: This video is for educational and informational purposes only and should not be considered legal, financial, or tax advice. Rules and procedures may change, and individual circumstances vary. Always consult your bank, a qualified solicitor, or a financial adviser before making decisions regarding your estate or finances.
#UKPension #StatePension #UKPensioners #EstatePlanning #Inheritance #BankAccounts #Probate #FinancialPlanning #Retirement #MoneyTips

20 Comments

@Adrian-l7v 1 month ago

The message is, don't die.

@catbreath007 1 month ago

Just use a shoe box under the bed, what you'll loose in interest you'll gain by not having it raided by the tax man 👍

@billbimson2408 2 months ago

The trouble with the 'Tell Us Once' service is that DVLA are notified as soon as you use the service. If the deceased has a car but no driveway, so the car is on the road, it is immediately illegal until it is re-taxed and reinsured by someone else because DVLA will cancel the tax and insurance as soon as they are notified. If you don't notify DVLA, they won't cancel the tax and insurance and at least the car is in a legal state as long as it is not driven. In my opinion, they should change this rule so that the car remains legal even if the tax and insurance run out so long as the car is not moved until probate is granted. Otherwise, you put the person who is administering the will into a position of owning an illegal vehicle through no fault of their own.

@tinaward6737 2 months ago (edited)

What if you had a trusted close family member on your account who you trusted 100%……

@peterbee88 2 months ago

Useful, thanks.
But what about if you live alone, and you want the money in your bank account to be divided equally between your children?
I would assume this to be many people's situation.

@KB-lz3gq 1 month ago

Below 50k in savings so nothing worry most on here😊

@jameshindmarch 2 months ago

Thank you kind sir 😊

@carolcollins 5 days ago

It is true regarding the power of attorney. When my mother died, even though I had power of attorney, that failed to be legal on her death. Regarding payment of funeral expenses, her bank paid the funeral directors directly from her account,

@RoseMc-g9z 2 months ago

THAN😅 YOU VERY USEFUL INDEE

@barbaranewell3838 1 month ago

Very useful. Wasn't a aware of some of what u talked about.

@RoseMc-g9z 2 months ago

I RUSHED TO SEND, HENCE MISTAKES, GREAT INFORMATION INDEED

@mohammedghafur924 2 months ago

Brilliant

@phil1edinburgh 2 weeks ago

When my brother died I as executor in his will went to his bank Lloyds and they released money for his funeral by paying the funeral company by cheque. So there can be flexibility.

@SpiritintheSky. 2 months ago

Another invaluable video in the excelent series. Once again, I am much the wiser. Thank you so much.

@afaghclark5064 2 months ago

THANK YOU VERY MUCH MR PEMBROKE. SPECIALLY THE LPA.

@gerrysmith-j7i 2 months ago

Hi Mr. Oliver, Thank you for the information in your latest video, explaining a vital item to be executed to avoid an unpleasant situation upon death.Regards, sir.

@Sthellens142 2 months ago

One other thing probate are is not the banks authority. Probate kicks in according to the deceased persons wealth, their estate value if you have been a loving as a son or daughter and arranged the ownership of your parents house and bank accounts, you’ve got power of attorney both sections and you’ve set up a trust for your children’s half of your parents estate there is no probate under the £375,000 limit that nay gave gibe up now . I didn’t bother even asking and the bank manager had no option in law to freeze any accounts. This stuff you spout is so scary to people. When I walked into the bank I told the bank what they were going to do and the very same day within the hour I had everything in my account as the joint executor it was simple because we’d set everything up before that terrible moment when you loose them.

@keithdickinson2819 3 weeks ago

I no cash in aback is ftees the bank frees
My dad 24 year ago

@ganumaster6464 9 days ago

Set up a standing order for them to make a regular payment. This will count as gift and will be free of CGT (given certain allowances). There is no other way to keep the money for children until your death, without including it in the will

@musoman6754 2 weeks ago

Attempted to put in place with Barclays the Rights of survivorship. I was told that I would need to have a Power of Attorney in order to do this and that Barclays had no other administrative way of a third party getting access to my finances after my demise !!
Is this not the opposite of the info you were describing ?