Please Help!! What will we get??????

blue~skies_3

Although I am very grateful for the input I really didn't want this thread to become about what or how much money we spend. My inlaws are very wealthy people and this is what they want to give us for a car. They will be buying many items for our baby also and helping us out in many ways but with regards to car shopping they just wanted to give us the money so they didn't have to trawl round with us looking for a car.

I really did just want info relating to our earnings and whether it would be a problem that the 20,000 comes in and out of our account if we can show it coming from inlaws and paperwork for purchase of the car. Think it'll be easier if it just never crosses our hands so to speak

sunnyone

blue~skies wrote: »

Although I am very grateful for the input I really didn't want this thread to become about what or how much money we spend. My inlaws are very wealthy people and this is what they want to give us for a car. They will be buying many items for our baby also and helping us out in many ways but with regards to car shopping they just wanted to give us the money so they didn't have to trawl round with us looking for a car.

I really did just want info relating to our earnings and whether it would be a problem that the 20,000 comes in and out of our account if we can show it coming from inlaws and paperwork for purchase of the car. Think it'll be easier if it just never crosses our hands so to speak

You spend weeks picking and negotiating and they pay for it?

briona

blue~skies wrote: »

I really did just want info relating to our earnings and whether it would be a problem that the 20,000 comes in and out of our account if we can show it coming from inlaws and paperwork for purchase of the car. Think it'll be easier if it just never crosses our hands so to speak

You may not want to hear it but I don't think anyone here is asking questions that the Benefits people won't.

Personally I think there's more to avoiding the leading questions than simply never having the money in your account. For example, are you/your partner going to be the registered keeper(s) and legal owner(s) of the car? Are the V5 docs going to be in your name? If I were investigating your case I would see an expensive car in your name yet no record of how you paid for it. No loan or monthly payments would suggest a one-off cash purchase... See where I'm going with this?

Unfortunately all it takes is a neighbour to get wind of the fact you're claiming benefits, see your brand new (and none-too-cheap) car and report you for benefit fraud.

I'm not trying to be provocative or nasty here. On the contrary I am trying to get you to see that having a hugely expensive car AND claiming benefits don't really go hand in hand.

Briona

blue~skies_3

briona wrote: »

You may not want to hear it but I don't think anyone here is asking questions that the Benefits people won't.

Personally I think there's more to avoiding the leading questions than simply never having the money in your account. For example, are you/your partner going to be the registered keeper(s) and legal owner(s) of the car? Are the V5 docs going to be in your name? If I were investigating your case I would see an expensive car in your name yet no record of how you paid for it. No loan or monthly payments would suggest a one-off cash purchase... See where I'm going with this?

Unfortunately all it takes is a neighbour to get wind of the fact you're claiming benefits, see your brand new (and none-too-cheap) car and report you for benefit fraud.

I'm not trying to be provocative or nasty here. On the contrary I am trying to get you to see that having a hugely expensive car AND claiming benefits don't really go hand in hand.

Briona

Umm sorry maybe I'm missing something but we don't plan on claiming extra benefits. We only want what we're entitled to i.e family tax credits and I believe everyone is entitled to £20 per wk for their eldest child? We don't want more than we're supposed to get. I will just call HMRC and ask them about this as I have nothing to hide just want to know the best way to do this.

I don't mind being asked questions that are relevant to the thread and that are helpful but questions like 'you spend weeks negotiating and they just pay for it' I find judgmental and irrelevant. Sorry.

Once again thanks to those of you that have helped.

alwaysonthego_2

Hi you will be entitled to Child tax credits.

www.entitledto.co.uk for an estimate.

Possibly the sure start marnity grant if you get more than £20 of CTC per week [higher than the family and baby element].
Child benefit.

bunny999

blue~skies wrote: »

Although I am very grateful for the input I really didn't want this thread to become about what or how much money we spend. My inlaws are very wealthy people and this is what they want to give us for a car. They will be buying many items for our baby also and helping us out in many ways but with regards to car shopping they just wanted to give us the money so they didn't have to trawl round with us looking for a car.

I really did just want info relating to our earnings and whether it would be a problem that the 20,000 comes in and out of our account if we can show it coming from inlaws and paperwork for purchase of the car. Think it'll be easier if it just never crosses our hands so to speak

It will probably be seen as deprivation of assets. If you don't like answering questions and justiying yourself then you aren't going to like dealing with the benefits system.

Oldernotwiser

blue~skies wrote: »

Umm sorry maybe I'm missing something but we don't plan on claiming extra benefits. .

But tax credits ARE benefits!

alwaysonthego_2

The only problem that I can see with this money is for tax credits purposes where you have to declare any interest over £300 in the year. I am not sure the rules on being given the large amount of money and spending it on the car, does it still count as DOC, would that amount of saving even produce more than £300 in interest?

briona

alwaysonthego wrote: »

The only problem that I can see with this money is for tax credits purposes where you have to declare any interest over £300 in the year. I am not sure the rules on being given the large amount of money and spending it on the car, does it still count as DOC, would that amount of saving even produce more than £300 in interest?

blue~skies wrote: »

I hope someone can help me. I find tax credits/ benefits...the entire system so confusing (and I like to think of myself as an intelligent person).

I would just really like a rough idea of how much we will be entitled to once our baby arrives in June.

Hi AOTG

I think the confusion here comes from the OP's first post where she mentions both Tax Credits and benefits and asks what she would be entitled to. She didn't state at that point that she was specifically asking about Tax Credits.

I don't know a lot about Tax Credits, hence I was working more from the means-tested benefits angle! Obviously if she were claiming means-tested benefits the £20,000 gift/car would be seen as deprivation of capital. I'm not sure whether capital/assets are taken in account when claiming Tax Credits...

Anyway, I think I've said as much as is helpful on this thread so am now bowing out!

Briona

blue~skies_3

alwaysonthego wrote: »

Hi you will be entitled to Child tax credits.

for an estimate.

Possibly the sure start marnity grant if you get more than £20 of CTC per week [higher than the family and baby element].
Child benefit.

Thank you! I hadn't thought of the sure start maternity grant. I didn't think we would qualify in a million years but having been on entitledto and HMRC we will be getting about £45 per wk which seems really high. Not that I will complain! So I guess it's worth looking in to - they can only say no eh?! xxxxx