can i put savings in my wife's accounts to avoid 40% tax?

datostar

One small practical point - ISA applications incorporate a declaration that the money is the applicant's own. It's most unlikely that you'll be able to write out a cheque in your own name or make an electronic transfer into your wife's ISA so you'll have to give her the money first for her to place it in.

royal23

yes that's what we did; i transferred her the money (from my current to her current account) then she put it in the ISA.
now she can run away with it

grey_gym_sock

what's her phone number?

badger09

grey_gym_sock wrote: »

what's her phone number?

Wouldn't the ISA account number & log in details, password etc be more useful than her phone number :rotfl:

oldvicar

royal23 wrote: »

now she can run away with it

grey_gym_sock wrote: »

what's her phone number?

badger09 wrote: »

Wouldn't the ISA account number & log in details, password etc be more useful than her phone number :rotfl:

I reckon the phone number is best for the big prize:

Mrs royal23 must be something special to have seduced a man as wealthy as royal23. Half his £millions in a divorce settlement, not to mention the charms of this whole lotta woman are surely worth many times the value of a single year's ISA.

OTOH, royal23 would be a good catch himself ....

datostar

oldvicar wrote: »

OTOH, royal23 would be a good catch himself ....

It's Lord Culloden and he's 23rd in line. Best of all, he's only 5!