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when do you get told the maturity amount?

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I have an endowment with Standard Life with the last payment to be taken on 1st June and the maturity date 1st July.

When will I be told what the maturity amount will be?

I had a letter a few months ago asking if my details were still the same but nothing since, should I give them a call or wait it out?

The amount should be over £25,000, at least going by last years statement.

Comments

  • kingstreet
    kingstreet Posts: 39,269 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I would guess at early June, following the payment of the June premium. The current value would exclude June's payment, so it's subject to change until then.

    I'd call them if you've received nothing by mid-June.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Green.Lander
    Green.Lander Posts: 91 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I was only given a rough figure the month before - they told me it was subject to change, paid our the exact figure in the end
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