BN66 - CTD buying advice needed

[BrilloPad]

Sorry if this has been asked before elsewhere, but I need to estimate how much to whack into a CTD. The way the banking system is going, a CTD is probably the safest place for the dosh. I don't want the double whammy of Hector asks for the money, and I haven't got it because the bank has gone ti**-up.

I was thinking of one third of the income received from the Offshore Trust. Woulkd that be about right to cover the tax + NI liability?

About right. Why not ask montp for an estimate?

[DonkeyRhubarb]

The way the banking system is going, a CTD is probably the safest place for the dosh.

I wish I'd put more in a CTD instead of keeping money in Icesave.

[Emigre]

Do we really belive that one arm of HMRC does not have access to who has a CTD? Is it not better to acquire them in a "Personal Representative's" name?

I see that whilst they are not transferrable they can be used to settle someone elses's liability provided such action is backed up in writing.

[DonkeyRhubarb]

Do we really belive that one arm of HMRC does not have access to who has a CTD? Is it not better to acquire them in a "Personal Representative's" name?

I see that whilst they are not transferrable they can be used to settle someone elses's liability provided such action is backed up in writing.

I do believe that CTDs are confidential. However, even if Special Investigations were aware that you had a CTD, what possible good would it do them? They can't get the hands on the money.

[mossman]

Another CTD question

Suppose I get a CTD, then we win, but in the meantime I have died, can the inheritor of my estate i.e. my wife, get the money out again? They seem to be non-transferable.

[BrilloPad]

Suppose I get a CTD, then we win, but in the meantime I have died, can the inheritor of my estate i.e. my wife, get the money out again? They seem to be non-transferable.

Lets assume they did not hand the money over(unlikely). A swift solicitor's letter should do the trick. Or contacting the press (Sun headline - "heartless HMRC stole dead man's money says grieving penniless widow").