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Finding IFA to help with my gran's financial affairs

Comments

margaretclare Posts: 10,789 Forumite

7 July 2014 at 10:43AM

She may still be a taxpayer notwithstanding her age. However, AA is useful because it is non-taxable and non-means-testable.

[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.
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jamesd Posts: 26,103 Forumite

7 July 2014 at 5:03PM

Thanks, I didn't know that AA wasn't taxable. That improves the position a bit and it's possible that she might end up paying no tax at all.

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