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Is this ok?
DannyWhoWorks
Posts: 149 Forumite
Is this Ok?
Right, my parents in the past few years have gave me roughly, £2000 ... this is in 4 cheques of £500 spread around 2-3 years.
This is money that was meant for mine and my siblings University studying.
They are getting into difficulty now paying the morgage so I want to give them back this money so they can pay a chunk off the morgage.
My family are on Income support.
I know, if the money has not touched there account but I just pay it straight to the morgage companany it should be ok
but because they gave me the money to start with, does this complicate things or am I just worrying about nothing?
Right, my parents in the past few years have gave me roughly, £2000 ... this is in 4 cheques of £500 spread around 2-3 years.
This is money that was meant for mine and my siblings University studying.
They are getting into difficulty now paying the morgage so I want to give them back this money so they can pay a chunk off the morgage.
My family are on Income support.
I know, if the money has not touched there account but I just pay it straight to the morgage companany it should be ok
but because they gave me the money to start with, does this complicate things or am I just worrying about nothing?
0
Comments
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Your parents are allowed to have £6,000 in savings without it affecting their benefits.0
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Ok thank you. So really, this would be ok then?0
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Yes, so long as your £2000 doesn't take them over the £6000 you are allowed.0
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