£400m going unclaimed as thousands unaware of little-known allowance

So what is this pension, who is eligible for it and why are so many not claiming it?

Bank of America Corporation (BAC-PK)

NYSE - NYSE Delayed price. Currency in USD

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27.12+0.01 (+0.04%)

At close: 4:00PM EDT

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Historical prices

Frequency:

Daily

Currency in USD

Date	Open	High	Low	Close*	Adj. close**	Volume
30 Jul 2021	27.06	27.15	27.06	27.12	27.12	49,451
29 Jul 2021	27.02	27.11	27.02	27.11	27.11	32,534
28 Jul 2021	27.06	27.06	26.94	27.02	27.02	23,065
27 Jul 2021	27.11	27.11	26.87	27.04	27.04	31,186
26 Jul 2021	27.13	27.13	27.06	27.08	27.08	33,715
23 Jul 2021	27.16	27.16	27.02	27.08	27.08	52,236
22 Jul 2021	27.22	27.22	27.06	27.13	27.13	30,136
21 Jul 2021	27.23	27.24	27.12	27.18	27.18	39,483
20 Jul 2021	27.19	27.24	27.14	27.24	27.24	31,284
19 Jul 2021	27.16	27.23	27.07	27.11	27.11	19,953
16 Jul 2021	27.35	27.35	27.22	27.22	27.22	68,833
15 Jul 2021	27.46	27.48	27.30	27.35	27.35	36,464
14 Jul 2021	27.47	27.53	27.31	27.40	27.40	28,266
13 Jul 2021	27.48	27.49	27.34	27.36	27.36	37,552
12 Jul 2021	27.49	27.52	27.44	27.48	27.48	54,266
09 Jul 2021	27.53	27.53	27.44	27.44	27.44	34,204
08 Jul 2021	27.50	27.58	27.41	27.49	27.49	27,698
07 Jul 2021	27.58	27.64	27.56	27.64	27.64	79,242
06 Jul 2021	27.48	27.57	27.48	27.55	27.55	54,994
02 Jul 2021	27.54	27.54	27.47	27.49	27.49	26,173
01 Jul 2021	27.50	27.54	27.45	27.54	27.54	47,041
30 Jun 2021	27.34	27.58	27.34	27.48	27.48	104,346
30 Jun 2021	0.367188 Dividend
29 Jun 2021	27.83	27.87	27.77	27.80	27.43	224,481
28 Jun 2021	27.84	27.84	27.75	27.84	27.47	130,727
25 Jun 2021	27.92	27.92	27.74	27.80	27.43	29,701
24 Jun 2021	27.91	27.93	27.84	27.92	27.55	54,053
23 Jun 2021	27.94	27.95	27.88	27.90	27.53	69,439
22 Jun 2021	27.89	27.98	27.85	27.94	27.57	79,137
21 Jun 2021	27.92	27.99	27.83	27.89	27.52	62,337
18 Jun 2021	27.87	27.99	27.85	27.95	27.58	22,706
17 Jun 2021	27.88	27.97	27.88	27.96	27.59	30,329
16 Jun 2021	27.90	27.96	27.84	27.96	27.59	58,390
15 Jun 2021	27.80	27.88	27.77	27.88	27.51	124,943
14 Jun 2021	27.81	27.85	27.74	27.85	27.48	113,320
11 Jun 2021	27.68	27.83	27.67	27.83	27.46	41,400
10 Jun 2021	27.66	27.68	27.55	27.68	27.31	39,728
09 Jun 2021	27.67	27.67	27.55	27.61	27.25	56,306
08 Jun 2021	27.78	27.78	27.57	27.57	27.21	129,223
07 Jun 2021	27.79	27.79	27.66	27.69	27.32	29,127
04 Jun 2021	27.77	27.78	27.73	27.78	27.41	46,285
03 Jun 2021	27.82	27.82	27.69	27.75	27.38	79,896
02 Jun 2021	27.75	27.88	27.73	27.88	27.51	36,045
01 Jun 2021	27.59	27.77	27.58	27.75	27.38	62,460
28 May 2021	27.47	27.63	27.43	27.62	27.26	63,836
27 May 2021	27.44	27.49	27.27	27.47	27.11	21,602
26 May 2021	27.47	27.47	27.37	27.45	27.09	21,303
25 May 2021	27.47	27.53	27.39	27.47	27.11	51,179
24 May 2021	27.40	27.47	27.39	27.45	27.09	26,768
21 May 2021	27.23	27.38	27.18	27.33	26.97	78,877
20 May 2021	27.10	27.32	27.10	27.32	26.96	105,058
19 May 2021	27.03	27.15	27.02	27.05	26.69	87,535
18 May 2021	27.16	27.16	27.00	27.11	26.75	59,285
17 May 2021	27.03	27.13	27.03	27.07	26.71	42,312
14 May 2021	27.14	27.18	27.07	27.12	26.76	49,922
13 May 2021	27.06	27.14	26.99	27.08	26.72	91,794
12 May 2021	27.05	27.05	26.89	26.90	26.55	85,051
11 May 2021	27.26	27.26	27.03	27.07	26.71	99,861
10 May 2021	27.44	27.52	27.30	27.31	26.95	59,285
07 May 2021	27.33	27.56	27.33	27.55	27.19	50,769
06 May 2021	27.39	27.43	27.30	27.35	26.99	66,048
05 May 2021	27.40	27.48	27.41	27.45	27.09	50,316
04 May 2021	27.37	27.47	27.31	27.38	27.02	170,855
03 May 2021	27.36	27.49	27.29	27.37	27.01	116,943
30 Apr 2021	27.43	27.53	27.26	27.38	27.02	290,801
29 Apr 2021	27.58	27.61	27.46	27.54	27.18	47,113
28 Apr 2021	27.65	27.65	27.57	27.62	27.26	42,701
27 Apr 2021	27.68	27.71	27.64	27.65	27.28	35,138
26 Apr 2021	27.67	27.72	27.57	27.65	27.28	88,161
23 Apr 2021	27.57	27.71	27.55	27.56	27.20	74,094
22 Apr 2021	27.60	27.60	27.50	27.57	27.21	35,169
21 Apr 2021	27.54	27.58	27.52	27.56	27.20	31,935
20 Apr 2021	27.56	27.57	27.46	27.48	27.12	44,577
19 Apr 2021	27.56	27.65	27.48	27.52	27.16	78,644
16 Apr 2021	27.57	27.59	27.50	27.58	27.22	30,270
15 Apr 2021	27.45	27.58	27.40	27.57	27.21	49,626
14 Apr 2021	27.33	27.49	27.31	27.36	27.00	31,703
13 Apr 2021	27.27	27.41	27.26	27.39	27.03	28,461
12 Apr 2021	27.34	27.42	27.21	27.26	26.90	52,251
09 Apr 2021	27.36	27.43	27.33	27.43	27.07	34,463
08 Apr 2021	27.36	27.36	27.28	27.36	27.00	42,918
07 Apr 2021	27.37	27.39	27.30	27.33	26.97	23,398
06 Apr 2021	27.25	27.38	27.24	27.33	26.97	93,680
05 Apr 2021	27.25	27.28	27.21	27.24	26.88	52,910
01 Apr 2021	27.27	27.30	27.18	27.29	26.93	74,925
31 Mar 2021	26.99	27.29	26.99	27.29	26.93	117,955
31 Mar 2021	0.367188 Dividend
30 Mar 2021	27.16	27.29	27.16	27.29	26.57	62,348
29 Mar 2021	27.33	27.33	27.13	27.21	26.49	33,004
26 Mar 2021	27.36	27.36	27.28	27.30	26.58	39,473
25 Mar 2021	27.29	27.38	27.29	27.31	26.59	36,803
24 Mar 2021	27.30	27.44	27.30	27.38	26.65	57,181
23 Mar 2021	27.26	27.31	27.20	27.28	26.56	24,934
22 Mar 2021	27.22	27.25	27.04	27.20	26.48	35,398
19 Mar 2021	27.04	27.18	26.85	27.12	26.40	245,362
18 Mar 2021	27.20	27.20	26.92	26.96	26.25	63,519
17 Mar 2021	27.27	27.30	27.19	27.25	26.53	45,885
16 Mar 2021	27.21	27.29	27.18	27.29	26.57	76,245
15 Mar 2021	27.08	27.22	27.04	27.18	26.46	73,880
12 Mar 2021	27.10	27.10	26.83	26.99	26.28	35,388
Close price adjusted for splits.*Adjusted close price adjusted for both dividends and splits.

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FTSE 1007,032.30-46.12(-0.65%)

FTSE 25022,948.83-101.63(-0.44%)

AIM1,251.11+3.84(+0.31%)

GBP/EUR1.1713-0.0024(-0.20%)

GBP/USD1.3901-0.0057(-0.41%)

BTC-GBP28,911.83+158.46(+0.55%)

£400m going unclaimed as thousands unaware of little-known allowance

Bank of America Corporation (BAC-PK)

FTSE 100
7,032.30
-46.12(-0.65%)

FTSE 250
22,948.83
-101.63(-0.44%)

AIM
1,251.11
+3.84(+0.31%)

GBP/EUR
1.1713
-0.0024(-0.20%)

GBP/USD
1.3901
-0.0057(-0.41%)

BTC-GBP
28,911.83
+158.46(+0.55%)