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Money Moral Dilemma: We're funding our child's wedding - do we get any say in how the money's spent?

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Comments

  • WindfallWendy
    WindfallWendy Posts: 188 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    edited 6 November at 2:09PM
    SadieO said
    A gift of money from a parent or grandparent as a wedding gift (up to certain amounts) is specifically exempt from inheritance tax. 
    Oo, that's interesting! Up to how much? 

    Actually, I've just googled. £5k. Given I remember the average cost of a wedding being £12k quite a few years ago, I think the tax issue still stands as something to be mindful of.
  • teresa54
    teresa54 Posts: 8 Forumite
    Photogenic First Post
    edited 6 November at 2:16PM
    I'd say set the amount you wish to/can give, then leave them to it. 

    Having said that, when I got married I was pleased to include a few of my brother's friends, not because he'd paid for it, but because I thought it would be nice for him to have some mates to sit with. The fact a couple of them were well-known lovies didn't affect my decision at all.  ;)
    Also, it was my own suggestion, I don't remember him asking. 
    I don't think there's any harm in asking though, maybe beginning with "It's entirely up to you and don't feel any pressure, but would it be possible for .... and .... to come?" Or perhaps "would there be any possibility/room for ..." or whatever! But definitely, I don't think paying for something lends us the right to dictate how it is spent.

  • Superfi
    Superfi Posts: 12 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    "My ex-partner and I have offered to fund most of our child's wedding. While we're only too happy to do so, we're a little concerned about how the money's being spent, with a significant amount going towards luxuries like a tattoo station and mixologist, rather than towards essentials like the food and photography." - Did you set out in the beginning what you were prepared to fund, or just offer a lump sum? If the latter and you just handed a lump-sum over, then really you have no say on how it is spent. Hindsight is a wonderful thing. No harm in offering your opinion as gentle advice as a parent, but tread carefully; it's not your wedding.
    "We'd also like to invite some of our friends that our child doesn't know that well. Do we have ... any say regarding who is invited?" NO! Whose wedding is it? One has to question why you want to bring your own friends along... However bottom line is; fund your own party if you want to spend time with your friends. 

    Ultimately, your use of the word 'child' says a lot! You are probably not accepting that your offspring has grown up and become an individual adult within their own right, and no longer under your care. I suspect there's a lot more going on under the guise of this wedding 
    emotionally than you're saying..

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