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Sending money to Parents to save for me - taxable?

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Comments

  • Jono987
    Jono987 Posts: 185 Forumite
    Seventh Anniversary 100 Posts
    Thanks to you both i appreciate it :)
  • xylophone
    xylophone Posts: 45,993 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do you live close to a Virgin Money branch?

    You could open a branch regular saver, give your mother the passbook and set up a standing order from HSBC to pay in £250 a month.


    Issue 8 is currently available.

    Best wishes for the future.
  • Jono987
    Jono987 Posts: 185 Forumite
    Seventh Anniversary 100 Posts
    The nearest is 35 miles away unfortunately in York, thanks though it is food for thought.
  • xylophone
    xylophone Posts: 45,993 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The nearest is 35 miles away unfortunately in York,

    Make an appointment and afterwards treat yourself and Mum to lunch at Betty's.....
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