£250k - how to protect it? Offshore?
Discussion
OK, for a while suggests you're not checking out soon so this isn't an IHT issue.
Let's assume this gift is totally legitimate so you don't need to shield yourself from any wrongdoing and/or have any issues with HMRC.
My guess is you're looking to bin your wife but don't want her getting her hands on it?
If that's the case a competent solicitor should be able to advise you how to (or whether you can) put the money into a trust - so it's no longer yours.
Let's assume this gift is totally legitimate so you don't need to shield yourself from any wrongdoing and/or have any issues with HMRC.
My guess is you're looking to bin your wife but don't want her getting her hands on it?
If that's the case a competent solicitor should be able to advise you how to (or whether you can) put the money into a trust - so it's no longer yours.
jonsp said:
OK, for a while suggests you're not checking out soon so this isn't an IHT issue.
Let's assume this gift is totally legitimate so you don't need to shield yourself from any wrongdoing and/or have any issues with HMRC.
My guess is you're looking to bin your wife but don't want her getting her hands on it?
If that's the case a competent solicitor should be able to advise you how to (or whether you can) put the money into a trust - so it's no longer yours.
100% tax paid via dis investing from a pension at circa 50% tax. On my side I don't want my ex or future ex's to know about it. I'm also amazing at spending money - so want it invested away from where both myself and others can reach it. Let's assume this gift is totally legitimate so you don't need to shield yourself from any wrongdoing and/or have any issues with HMRC.
My guess is you're looking to bin your wife but don't want her getting her hands on it?
If that's the case a competent solicitor should be able to advise you how to (or whether you can) put the money into a trust - so it's no longer yours.
Skodillac said:
Sounds like your Username is spot on, or perhaps a bit optimistic, after the ex-wife and/or taxman spot this. Gaines125 before tax might be nearer the mark. 
Good luck.
100% ++ tax has been paid. Good luck.
ETA - how does that link to a username - or were you just trying to be with the 'in' crowd??
Edited by Gaines178 on Monday 2nd December 18:42
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