We all know that the certainties in life are death and taxes. While technically not a tax, the Government recently changed the rules on inactive bank accounts as a novel way to increase Government revenue.
Bank accounts that have been inactive for 3 years (ie no deposits or withdrawals) will now become the property of the Government after recently introduced changes.
This serves as a reminder that unless you wish to make a donation to our great nation, please ensure that any bank accounts you may own remain active.