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Money off father
Notebook
Posts: 297 Forumite
Hi
Unemployed for 7 months after 17 years of shift work. Down to a couple of quid. My father has just given me £3K.
Can I put this in the bank?
Will I have to explain where it came from etc?
Thanks
Unemployed for 7 months after 17 years of shift work. Down to a couple of quid. My father has just given me £3K.
Can I put this in the bank?
Will I have to explain where it came from etc?
Thanks
0
Comments
-
If it is a one off payment, it will be counted as capital and you do not need to declare it unless you are over the £6,000 lower limit.
If you are receiving regular payments, you will need to declare these as they *may* be classed as income.Gone ... or have I?0 -
Only got about 200 in there - pounds not K
Thanks0
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