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Mother wants to give me 50k

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JimmyTheWig Posts: 12,199 Forumite

4 March 2015 at 4:15PM

inversions wrote: »

Will it effect my annual SA? I'm self employed but do my own accounts although I plan to employ an accountant from next month.

The lump sum won't be taxable. But if you put it in the bank and earn interest on it then the interest will be taxable.

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inversions Posts: 55 Forumite

4 March 2015 at 5:30PM

Thank you everyone.

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