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Coucil Powers for Assessing Savings
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DazedorConfused
Posts: 4 Newbie
Hi All,
More advice appreciated if it's out there! If a council carries out a financial assessment for care home costs, how can they find out about savings. The house is obviously an asset they can see, as with bank account statements etc. But if someone has some national savings certificates are the council actually able to know if they have been held recently / transfered to someone else?
More advice appreciated if it's out there! If a council carries out a financial assessment for care home costs, how can they find out about savings. The house is obviously an asset they can see, as with bank account statements etc. But if someone has some national savings certificates are the council actually able to know if they have been held recently / transfered to someone else?
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Comments
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Virtually all investments (bank, BS, Nat Savings etc) are registered automatically with HMRC.
Various government and local authority departments can get matches against this data and can then investigate any discrepancies.
Your post makes it sound like you want to find a way to hide some money
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