Do I have to declare £300 from a relative ?

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Scott.1

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Post by Scott.1 » Tue Apr 19, 2011 8:42 pm
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i have received £300 from a relative into my bank. do i have to declare this ?
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Shining

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Post by Shining » Tue Apr 19, 2011 8:43 pm
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Hi Scott, is the £300 for any particular reason? Is it a gift? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Tue Apr 19, 2011 8:50 pm
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If it is a gift then it shouldn't be a problem. If you have the £500 limit for a windfall then you should be ok as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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antm

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Post by antm » Tue Apr 19, 2011 8:53 pm
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Depends on the reason, if its inheritence? or is it to help replace a electrical item?? if in doubt ask your IP, they always know best.
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Broke of London

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Post by Broke of London » Tue Apr 19, 2011 8:53 pm
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It's really too small to worry about (I'd have thought).
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Shining

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Post by Shining » Tue Apr 19, 2011 8:55 pm
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I always err on the side of caution and run everything by my IP, I can I'm sure be a little annoying but frightened of failure which I know won't happen but I'm a born worrier me.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Tue Apr 19, 2011 9:01 pm
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Personally, I don't think there will be a problem. My parents gave me money towards a new laptop at the end of last year and I didn't declare it at all.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Vignal

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Post by Vignal » Tue Apr 19, 2011 9:07 pm
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Just a quick question, what if you are given a gift cash and there is no way of any creditor finding out about it? Surely you dont have to declare it because they will never know if it isnt documented in bank statements??
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Shining

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Post by Shining » Tue Apr 19, 2011 9:10 pm
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It may not be documented vignal but it's always best to be honest as these things have a tendency to come back and bite you when you're least expecting it.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Vignal

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Post by Vignal » Tue Apr 19, 2011 9:17 pm
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ok thanks lesley, it's just that i usually get a few hundred pounds cash as presents for birthdays and christmas!
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Shining

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Post by Shining » Tue Apr 19, 2011 9:19 pm
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Birthday presents aren't a problem Vignal, I'm asking for money this year for Hubby's birthday (Nov), for both of us for Christmas and my birthday in Jan (50th) as I would dearly love to go away. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Tue Apr 19, 2011 9:24 pm
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We always have cash from my parents for Christmas and Birthdays, especially as both of ours are close to Christmas.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Vignal

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Post by Vignal » Tue Apr 19, 2011 9:29 pm
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Well it's my 26th in 4 weeks and I will be asking for cash so I can go shopping for summer clothes! Will I have to declare this even though my proposal hasnt been drafted yet? My file was referred to my IP today!
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Shining

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Post by Shining » Tue Apr 19, 2011 9:30 pm
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No you won't have to declare you birthday money. Enjoy your summer clothes shopping x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Tue Apr 19, 2011 9:31 pm
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No worries at all Vignal!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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