Keeping a cash stash

*Louise*

You've got it back, he's chancing his luck, ignore him.
If he keeps on....'You want what money? Sorry - I've spent it!'

smartpicture

I think you're worrying about the wrong thing actually. There's no maximum amount you can keep in cash, although you might be asked questions from a money-laundering perspective if you couldn't explain where it came from.

However - if you gave the money to your daughter, then her husband can reasonably claim that it is part of their joint assets and should be included in any financial separation agreement.

Oldernotwiser

Are you claiming any means tested benefits?

spotty12

No, I don't claim anything.

spotty12

smartpicture wrote: »

I think you're worrying about the wrong thing actually. There's no maximum amount you can keep in cash, although you might be asked questions from a money-laundering perspective if you couldn't explain where it came from.

However - if you gave the money to your daughter, then her husband can reasonably claim that it is part of their joint assets and should be included in any financial separation agreement.

At the time he was quite happy for us to have the money back, however he's now saying that he didn't even know that we'd given the money at all. When I asked him where he though the money came from he went vague and said "dunno". I get the impression he's been lying to his solicitor.