Your protected limits
The Financial Services Compensation Scheme guarantees your money is safe if an authorised firm fails. We provide official statutory protection across savings, pensions, and insurance.
Compensation limits by product
We protect different types of financial products up to specific statutory limits. Here is how your money is covered.
Bank & savings deposits
Pensions & investments
Long-term insurance
£85,000
protected per person
£85,000
protected per failed firm
100%
of claim value protected
Your savings are automatically protected up to eighty-five thousand pounds per person, per banking license. This covers banks, building societies, and credit unions.
Most investment and pension claims are covered up to eighty-five thousand pounds per failed firm. This protection helps secure your long-term financial future.
Long-term insurance policies, including annuities and life insurance, are protected up to one hundred percent of the claim value. We ensure your policy remains secure.
Temporary high balances
Up to £1 million protected
If you have a temporary high balance—such as proceeds from a house sale, divorce settlement, or redundancy payout—you are protected for up to one million pounds for up to six months from the date the money was deposited.
Life events can mean you temporarily hold large sums. We provide short-term statutory protection far beyond the standard limits to give you complete peace of mind.
Claims must be backed by official documentation proving the source of the funds.
What is not covered
While the statutory safety net is wide-reaching, certain financial products and firms do not qualify for protection. Understanding these boundaries helps you manage risk safely.
Unauthorised firms
Investment performance
We can only protect money held with firms authorised by the Financial Conduct Authority (FCA). Always verify a firm's status before investing.
We do not protect against poor investment performance or market drops. Protection only applies if the firm itself goes bust.