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£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?

General Motors Company (GM)

NYSE - Nasdaq Real-time price. Currency in USD

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57.21-0.07 (-0.13%)

As of 11:11AM EDT. Market open.

Major holders

Insider transactions

Major holders

Currency in USD

Breakdown

4.91%	% of shares held by all insiders
84.22%	% of shares held by institutions
88.58%	% of float held by institutions
1,695	Number of institutions holding shares

Top institutional holders

Holder	Shares	Date reported	% out	Value
Blackrock Inc.	107,944,411	30 Mar 2021	7.44%	6,202,485,856
Capital Research Global Investors	101,299,594	30 Mar 2021	6.98%	5,820,674,671
Vanguard Group, Inc. (The)	94,994,904	30 Mar 2021	6.55%	5,458,407,183
Capital World Investors	82,754,767	30 Mar 2021	5.70%	4,755,088,911
Berkshire Hathaway, Inc	67,000,000	30 Mar 2021	4.62%	3,849,820,000
State Street Corporation	53,430,707	30 Mar 2021	3.68%	3,070,128,424
Harris Associates L.P.	36,550,095	30 Mar 2021	2.52%	2,100,168,458
Invesco Ltd.	32,161,800	30 Mar 2021	2.22%	1,848,017,028
FMR, LLC	27,833,953	30 Mar 2021	1.92%	1,599,338,939
Geode Capital Management, LLC	19,423,763	30 Mar 2021	1.34%	1,116,089,421

Top mutual fund holders

Holder	Shares	Date reported	% out	Value
Vanguard Total Stock Market Index Fund	36,546,226	30 Mar 2021	2.52%	2,099,946,145
Washington Mutual Investors Fund	32,000,363	30 Mar 2021	2.21%	1,838,740,857
Growth Fund Of America Inc	30,673,769	30 Mar 2021	2.11%	1,762,514,766
Vanguard 500 Index Fund	25,965,244	30 Mar 2021	1.79%	1,491,962,920
Investment Company Of America	25,683,996	30 Mar 2021	1.77%	1,475,802,410
Capital World Growth and Income Fund	25,124,987	30 Mar 2021	1.73%	1,443,681,753
American Balanced Fund	21,793,283	30 Mar 2021	1.50%	1,252,242,041
SPDR S&P 500 ETF Trust	12,754,901	30 May 2021	0.88%	756,493,178
Fidelity 500 Index Fund	11,711,233	29 Apr 2021	0.81%	670,116,752
Vanguard Institutional Index Fund-Institutional Index Fund	10,131,666	30 Mar 2021	0.70%	582,165,528