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Kaupthing Edge interest is taxed?

13

Comments

  • cheekykid
    cheekykid Posts: 262 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    jennifernil wrote: »
    Why not open an account for each of you? Comes to the same thing in the end tax-wise surely?

    what if one of the two goes bust? what happens to the money?
  • tinkerbel
    tinkerbel Posts: 1,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    LucyTheDwarf wrote: »
    To your bank.

    ok, again I'm sorry, whick bank?
    I would guess at Kaupthing edge but I can't find an address for them:confused:
  • LucyTheDwarf
    LucyTheDwarf Posts: 880 Forumite
    Postal Address
    Kaupthing Edge
    PO Box 9403
    Nottingham
    NG9 9DR
    Target Cash Net Worth: £25K by January 2012
    Progress     May-08     19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
  • jennifernil
    jennifernil Posts: 5,839 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    cheekykid wrote: »
    what if one of the two goes bust? what happens to the money?

    Not quite sure I understand your question.

    Do you mean that you or your partner might be declared bankrupt?
    If you have savings of that magnitude surely that is unlikely?
  • cheekykid
    cheekykid Posts: 262 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    jennifernil wrote: »
    Not quite sure I understand your question.

    Do you mean that you or your partner might be declared bankrupt?
    If you have savings of that magnitude surely that is unlikely?

    I meant what if one of us dies? if the account isnt joint what happens to the money? We aren't married just living together.

    I send to them the requested documents. Any idea how long it takes for my account to be opened?
  • jem16
    jem16 Posts: 19,854 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    cheekykid wrote: »
    I meant what if one of us dies? if the account isnt joint what happens to the money? We aren't married just living together.

    It goes into the deceased's estate.
  • jennifernil
    jennifernil Posts: 5,839 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It would be a good idea for you both to make wills, so the money ends up where you want it to.
  • cheekykid
    cheekykid Posts: 262 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    jennifernil wrote: »
    It would be a good idea for you both to make wills, so the money ends up where you want it to.

    I have thought of it but is there another way? I guess if its an internet account i can get it out without signing anything?
  • jem16
    jem16 Posts: 19,854 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    cheekykid wrote: »
    I have thought of it but is there another way? I guess if its an internet account i can get it out without signing anything?

    Somehow I would think that would be fraud as you would not be the account holder.
  • tinkerbel
    tinkerbel Posts: 1,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    LucyTheDwarf wrote: »
    Postal Address
    Kaupthing Edge
    PO Box 9403
    Nottingham
    NG9 9DR

    Thank you very much lucy
This discussion has been closed.
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