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Child injury compensation
Helen14
Posts: 24 Forumite
Hi,
I am currently undischarged bankrupt. I have received yesterday cheque for injury compensation for my child (£700).
As it was settled before court, so the cheque was issued on my name. Can I keep the money? Do I need to let OR know? Should I simply transfer that to Child ISA, as it is not my money? Do I still need to let OR know?
I am currently undischarged bankrupt. I have received yesterday cheque for injury compensation for my child (£700).
As it was settled before court, so the cheque was issued on my name. Can I keep the money? Do I need to let OR know? Should I simply transfer that to Child ISA, as it is not my money? Do I still need to let OR know?
0
Comments
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I would certainly let the OR know, just inform the OR of what the money is for.
The last thing you want to do is be hiding stuff from the OR.0 -
Let the OR know anyway but I would take the view that, if the money has been awarded to your child as compensation, it should be of no interest to them.0
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