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Posted Mon, 02 Oct 2023 20:50:53 GMT by
My child receives a dependants (civil service) pension - they were sadly too young to have their own bank account when their other parent died, so its paid into my current account. I keep clear records of how much is 'used' & how much is being kept for the future. Would this be considered as income for me when looking at income tax? Or is it still counted as income for child although its paid into my account? Thank you!
Posted Fri, 06 Oct 2023 14:36:05 GMT by HMRC Admin 25 Response
Hi SandwichYears,
The actual money paid in is still classed as belonging to your child.
Any interest that is generated though is classed as yours.
Thank you. 

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