Large cash withdrawals from Nationwide...

castle96

No it's not you silly sanctimonious man.  Read listen understand

Grumpy_chap

I have to be honest that I am confused why the £20k gift from the kind Dad to his self employed son was desired as cash.
I do understand why the OP's builder wanted cash, but that is a totally different situation.

castle96

The same rally. They both want cash, because.......?

Grumpy_chap

But, in the gift from Dad, there is no tax implications.  Only, perhaps, PET.

castle96

True......

wmb194

Particularly if it is greater than £16k, one reason for preferring a gift to be in cash rather than a bank transfer or cheque is if you are in receipt of a means tested benefit.

Grumpy_chap

So, the gift in cash is simply for tax evasion or benefits fraud.  You should be ashamed.

castle96

No. Neither

Grumpy_chap

Then, I really don't see the benefit of £20k as cash.  It's hard to get hold of and equally hard to spend / deposit.  

Unless you need to hide funds from spouse during divorce.  In that case, kind Dad could simply delay the gift.

castle96

Easy to get hold of, easy to spend in his occupation (builder). No divorce/evasion/benefits. Why delay, the other two sons had theirs. There really is no problem/mystery here....