More than a million people are yet to claim a refund for power of attorney fees – with the deadline to act this Sunday, Martin Lewis has warned.
The consumer expert said 1.3million people have just days left to get up to £54 back, before the claims process closes for good.
Speaking in this week’s MoneySavingExpert newsletter, Lewis said the government deadline is set at one minute past midnight on February 1, meaning consumers have until Sunday, January 31 to apply.
“The 1.3million still owed Power of Attorney refunds will miss out unless they act now,” Martin wrote.
“Many in England and Wales are due up to £54 for each – it’s easy to reclaim and takes a few minutes.”
A power of attorney – also known as a lasting power of attorney – is a legal document that lets you appoint a person to help you make decisions or to make decisions on your behalf.
Most people pay to register an attorney, however in 2018, the Ministry of Justice ruled that some of these charges were excessive.
As a result, people who paid to register one in England or Wales between 1 April 2013 and 31 March 2017 were told they could claim some of the funds back.
To help people reclaim the cash, the government
This depends on the year you took out the attorney. The amount will vary as follows:
Between April 2013 and September 2013 – £54 per attorney
Between October 2013 and March 2014 – £34 per attorney
Between April 2014 and March 2015 – £37 per attorney
Between April 2015 and March 2016 – £38 per attorney
Between April 2016 and March 2017 – £45 per attorney
You’ll get half the refund if you paid a reduced fee.
However, only 400,000 out of an estimated 1.7million eligible people have so far claimed with just days to go until the deadline.
How much you’re owed depends on the year you took it out, but it could be as much as £54 per attorney – and you’ll also get 0.5% interest on top.
If you registered for both types – health and welfare, and property and financial affairs – you can claim for both, meaning you’ll get a refund of up to £108.
How can I claim the money back?
People can claim online via Gov.uk or by phone on 0300 456 0300 – you’ll need to have your UK bank account number and sort code, plus a copy of the power of attorney to hand.
If you’re claiming over the phone, you’ll need to call by this Friday to meet the deadline as the lines are closed on weekends.
It then takes up to three months for your claim to be processed.
If your claim is approved, the refund will then be paid directly into your bank account.
It’s worth noting that even when the person who the attorney was for has died, you can still claim.
In this scenario, the executor of the will or administrator of the estate needs to claim the refund.