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Saving MY money in someone elses ISA

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Comments

  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    Ask yourself the question, what would the Revenue think about it? Why did you feel it necessary to ask the question in the first place? You clearly have doubts.
    What if you mother was passing money to you (temporarily) to avoid some sort of benefit enquiry?
    You either give money away or you don't. To pretend to give it away in order to gain some pecuniary advantage is tax evasion.
  • johnmoney05
    johnmoney05 Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    For me, I will not bother. Just look for a regular saver account, although losing some tax, still I feel myself clean.
  • Canny_mal
    Canny_mal Posts: 274 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks for all your replies. It's very useful to debate things and hear other opinions. I've decided not to bother as the cons far outweigh the pros
This discussion has been closed.
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