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£20,000 life savings in kitchen food container thrown away!

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People are being warned against hiding their savings insecurely after a Dunbartonshire family accidentally threw away their 80 year old mother’s life savings while clearing out her house.

Her daughter had been clearing out the kitchen of old pots, pans and out of date food items while her mother was out. She knew nothing about what was in the tins until her mother returned and told her it was her life savings.

The brother and sister siblings of the mother immediately returned to Dalmoak Recycling Centre, near Renton in Dunbartonshire in a panic and asked the council team on site to help them. Council workers Tony Scanlon and Kenny McAdam took on the messy job!

A stroke of luck meant that one of the yard’s two compactors was out of service and so the rubbish bags had been piled up in a skip and crushed with a digger.

“We moved the skip to the back of the yard to keep people away and started going through it,” said Tony. “We pulled the bags out, put them in the digger, moved them. “Eventually after an hour-and-a half we found the heavy bags. We burst one of the bags open and found one of the Bisto tubs.” Twenty minutes later Kenny found the other four tubs in another bag.

There are much safer ways to save your money!

Luckily, this story ended well for the family involved. But why take the risk of having your cash lying around the house when any number of things, from fire to theft, could mean you lose everything. There are plenty of cost effective ways to protect your savings, while having easy access to your cash, earning some interest and potentially tax relief too!

Redwood Financial is one of the south’s leading Investments, Pensions,Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation. Come along to one of our FREE Public Seminars on Wills, Trusts & Estate Planning. Book online at Book Me A Place!: call us on 01489877 547 or Email info@redwoodfinancial.co.uk.

Read the full story at BBC News

Jasmine Lambert Chartered Financial Adviser in Southampton
Jasmine Lambert

Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
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