Hardy332
Joined: 9/6/2024
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Interest on Joint Accounts
I have a joint savings account with my elderly parent. I do not put any money in, and I take nothing out. It is entirely my parent’s monies and they take 100% of the interest. I spoke to HMRC who said it was not possible to do anything but a 50:50 split for tax on the interest but I am sure I have seen that it was possible to change this if the circumstances are like mine.