I have the State Savings, about 90k in them. I have a lot of small bonds of 8k or less. As these mature, would I be able to consolidate some into a larger value bond e.g. 15k?
When I cash in the 15k, the bank would see these transactions. I am afraid they could report these and cause a revenue audit.
I am taxed jointly with my husband. We have separate savings. He is very secretive about monet and won't tell me what savings he has. I don't want to trigger an audit where my husband will see what savings I have entirely.
I am in my 50s and am hoping to go part tine at work (civil service) over the next few years. My pension isn't great as I was a late joiner, so I will need these savings.
When I cash in the 15k, the bank would see these transactions. I am afraid they could report these and cause a revenue audit.
I am taxed jointly with my husband. We have separate savings. He is very secretive about monet and won't tell me what savings he has. I don't want to trigger an audit where my husband will see what savings I have entirely.
I am in my 50s and am hoping to go part tine at work (civil service) over the next few years. My pension isn't great as I was a late joiner, so I will need these savings.