Thank you, that’s great. Just to expand and to be absolutely sure: the money was purely a gift and without any conditions attached what so ever. I’m a full time housewife and mother. I credited £15000 to my Instant ISA account and the rest £88000 to my Everyday Saver account.
Now if I understood correctly, I don’t have to pay any tax on this money no matter how many years it stays in my accounts. I will only have to pay tax on interest earned. Is this right please? Many thanks.