Quote:
Originally Posted by Maggy J
..as for coin savings as long as it's less than £100 my bank will take it in my tiny rainy day savings account.
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A neighbour's son was contacted by HMRC after paying in around £50 cash per week over several months. It was pocket money from his grandparents. But guess what, there are limits to how much you can "gift" to your grandkids! Something to do with Inheritance Tax I think.