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Where Taxpayers and Advisers Meet

Period of administration

buffalito
Posts:1
Joined:Tue May 25, 2021 1:51 pm
Period of administration

Postby buffalito » Wed Dec 22, 2021 12:14 pm

Hi,

During a period of administration there is a duty to report any income over £500 I believe. Do Premium bond prizes still in the deceased holder's name count towards this or are they still tax free?

Thanks,

Buffalito

pawncob
Posts:4879
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Period of administration

Postby pawncob » Wed Dec 29, 2021 10:46 am

https://www.co-oplegalservices.co.uk/media-centre/articles-jul-sep-2019/dealing-with-premium-bonds-during-probate/
With a pinch of salt take what I say, but don't exceed your RDA


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