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Help to Buy Isa
LouMcF
Posts: 8 Forumite
Just wondering if anyone has come across this? My granddaughter has a HTB ISA which her dad pays into from his account using a portion of her household Board. Recently a friend has had an issue with accessing their ISA as the deposits came from their parents account. Is this likely to be a problem?
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Comments
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Strictly the money should come from your granddaughter’s own bank account.
it would be best to check with th ISA provider.1 -
No:sheramber said:Strictly the money should come from your granddaughter’s own bank account.Cash subscriptions from third parties can be accepted without question unless the ISA manager holds information that shows that the cash does not belong to the investor.https://www.gov.uk/guidance/manage-isa-subscriptions-for-your-investors#cash-subscriptions
There must be more to the story than that?LouMcF said:Recently a friend has had an issue with accessing their ISA as the deposits came from their parents account.1 -
There may be but I’m not aware of anything. She is now going to pay in from her own account so hopefully that will avert any issues. I just thought it seemed strange but I guess it could be a safeguard.0
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