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Millions wasted on passport renewals

finance-passportBritish tourists collectively waste an estimated £64.2 million each year as a result of failing to renew passports in good time ahead of travelling.

Overall, one in nine people (equivalent to 5.7 million) have experienced issues as a result of not renewing their passport in sufficient time over the last three years.

This includes 2.2 million people who have had to pay extra for a seven-day passport renewal service and 1.4 million who forked out more for a premium, same day processing service. A further 1.2 million adults have paid extra for the seven-day fast track renewal service for their children. Nearly a quarter of those aged 18-34 have had an issue with needing to renew their passport urgently compared to just 4% of those aged over 55.

Travellers who opt for quicker passport renewal services are paying at least 42 per cent more than they normally have to. The standard cost for renewing an adult 32-page passport is £72 (3 weeks), compared to £103 for a 7-day fast track service (a premium of 42.1%) and £128 for a one-day service (a premium of 76.6%).

For child passport, the cost of a 7-day fast track service (£87) almost doubles its normal charge (£46), but 1-day premium service is not available for children. Brits collectively spend an estimated £169 million on fast-track and premium passport services every year, which is £64.2 million more than what they would pay had they used a standard passport renewal service.

The research also reveals that 1.2 million have been refused travel out of the UK or into their destination as a result of passport issues, such as out-dated documentation or insufficient time left on the passport before expiry, in the last three years.

Rob Thomas, of Columbus Direct, which commissioned the research, said: “Going on holiday is expensive enough without the added cost of paying for a premium passport service.

“Before booking a trip, travellers should check their passport expiry date as well as the specific country’s passport and visa requirements to make sure that they can travel abroad. The advice from the passport office is clear: do not book a trip abroad until you have a valid passport.

Posted 1:56 PM Thursday December 1, 2016. Filed under Wealth. You can follow any responses to this entry through the RSS 2.0. You can leave a response to this entry. Pinging is currently not allowed.

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