Compensation Limits

The actual level of compensation you receive will depend on the basis of your claim. The FSCS only pays compensation for financial loss. Compensation limits are per person per firm, and per claim category (listed below).

Slightly different limits and rules apply if you have a claim against an insurer or a bank that was insolvent before the FSCS became operational (1 December 2001), or if your claim is against an investment firm that was declared in default before the FSCS became operational.

The maximum levels of compensation are:  


  • Deposits: £85,000 per person per firm (for claims against firms declared in default from 31 December 2010).

    100% of £85,000.

For more details visit our Deposit Limits page.


  • Investments: £50,000 per person per firm (for claims against firms declared in default from 1 January 2010).

    100% of the first £50,000.

For more details visit our Investment Limits page.


  • Home Finance (e.g. mortgage advice and arranging): £50,000 per person per firm (for claims against firms declared in default from 1 January 2010).

    100% of the first £50,000.

For more details visit our Home Finance Limits page.


  • Insurance Business: unlimited.

    Protects 90% of the claim with no upper limit. Compulsory insurance is 100%.

For more details visit our Insurance Limits page.


  • General insurance advice and arranging: unlimited (for business conducted on or after 14 January 2005).

    Protects 90% of the claim with no upper limit. Compulsory insurance is 100%.

For more details visit our Insurance Limits page.

 


The FCA

The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).

What We Cover

Here you'll find information about what we cover, our compensation limits, and get answers to some of the most frequently asked questions.

The FOS

The Financial Ombudsman Service is the official independent expert in settling complaints between consumers and financial businesses

Jargon Buster

  • Deposits

    money placed in a bank or similar institution to earn interest or for safe-keeping.
  • In default

    A firm unable, or likely to be unable to pay claims against it. This will generally be because it has stopped trading and has insufficient assets to meet claims, or is in insolvency.
  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).