We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Peculiar Post Office Savings

My mother recently received two tax certificates for two accounts in the post, both for Year to 5 April 2013. The problem is, she can't seem to remember anything about these accounts, and after searching through her document history, she can't find anything relating to them either (no statements or any other letters).

For one account the gross interest was ~£160, with ~£32 income tax deducted. The other account had ~£2 of gross interest.

Multiple phone calls to Post Office Savings resulted in nothing but frustration due to their systems being down, and they said to phone again tomorrow.

Is there something suspicious going on here?
(I'm not ruling out my mother having just forgotten though.)

Comments

  • saintalan
    saintalan Posts: 562
    Part of the Furniture Combo Breaker
    Forumite
    Are you sure these are not NS&I accounts that until last year were run through PO Passbooks?

    Cheers

    Alan
  • Sensory
    Sensory Posts: 497
    Part of the Furniture 100 Posts Name Dropper
    Forumite
    Apparently the only NS&I account she had was a cash ISA from 9 years ago which was closed. Any vague recollection regarding anything to do with NS&I and the Post Office stem from years ago, and as far as she's aware most of the money went into helping my sister purchase property.

    These tax certificates just seemingly arrived from nowhere.
  • badger09
    badger09 Posts: 11,877
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Sensory wrote: »
    Apparently the only NS&I account she had was a cash ISA from 9 years ago which was closed. Any vague recollection regarding anything to do with NS&I and the Post Office stem from years ago, and as far as she's aware most of the money went into helping my sister purchase property.

    These tax certificates just seemingly arrived from nowhere.

    Presumably the tax certificates show the relevant account details?
    In which case it should be easy for Post Office to trace the accounts?
  • Sensory
    Sensory Posts: 497
    Part of the Furniture 100 Posts Name Dropper
    Forumite
    badger09 wrote: »
    Presumably the tax certificates show the relevant account details?
    In which case it should be easy for Post Office to trace the accounts?

    Hopefully yes, although repeated attempts today failed as apparently their system was down.

    I just wondered if there was potentially anything to be concerned about. My mother thinks it's just a mistake, perhaps leftover interest from an account she thought she closed long ago, but it's £160 of gross interest accrued in one tax year, on an apparently forgotten account.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.8K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 606K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.