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Do I have to pay tax on savings accounts for my Grandchildren in my name?

Answer
Abigail1990
Posted 13 days ago by Abigail1990
Hi, I’m just after some general advice as to whether I need to pay tax on savings in an account for my Grandchildren which is in my name? Thank you Abigail
Answer
HMRC Admin 25 Response
Posted 5 days ago by HMRC Admin 25 Response
Hi Abigail1990,
As it is in your name, you will need to declare it.
Thank you. 

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