Differentiate savings given by parent & non parents

DarkShadow

Been reading https://www.gov.uk/savings-for-children
I have a kid who has savings given by myself + grandparents/relatives. The interest they receive comes to £200. Just less than half of it is due to given by parent ~90. (Yes, we have generous relatives who give cash envelopes)

How am I meant to tell HMRC that the interest isn't liable for any tax. £90 is due to given by parent so is less than £100 threshold. The other £110 is due to gifts so falls in their personal allowance of £12000. Should I consider keeping two accounts for the child? One for parent gifts. Other for non parent gifts?

xylophone

Why not just use a JISA? Then it doesn't matter who has given the money - income arising within the JISA is tax free regardless of who has given it.

https://www.gov.uk/junior-individual-savings-accounts

Also bear in mind that the "£100 rule" applies separately to each parent.

https://webarchive.nationalarchives.gov.uk/20121003064215/http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingMoney/PlanningYourPersonalFinances/DG_10013916

Above is archived material but explains the rule.

DarkShadow

Late reply but the £100 limit means nothing.

They have been gifted money overseas circa £15k (Yes, I know good amount, even I dont get that gifts). They will receive a very good amount of interest, much higher than 200 as I thought previously. For me the challenge is how do I:
A) Differentiate money
Get a NI number for the kids since they dont get one so atleast I am able to report this somewhere.