Hello and welcome to the site. Thank you for your question
Please clarify the nature of payments.
Is this contribution towards living expenses and/or monies to be saved in your name?
Hi, yes, the cash will be saved in my name and put in to a regular saver bond.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thank you - just to clarify, there would be no income tax or CGT due by me? Obviously just interest on bond that can be declared on my SA form in the normal way.
Yes, of course, interest taxed at source on bond but declared also on SA.
Understood - I thought that was the case but I appreciate some extra peace of mind and any unforeseen bills. Thank you. Dan