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Is my mum allowed to pay for my weekly food shop?

190 replies

Smilingpeacock · Today 10:17

Hi,

my elderly mum has become obsessed with ‘off loading money ‘ before the government takes it. She gifts me 3k year etc, to be clear I don’t expect or need anything I am very grateful.

She now wants to start paying for my weekly food shop which is about £150 per week. We go shopping together every week and the plan from next week is for her to just pay both hers and mine shopping at the checkout. She seems to think that nobody will ever question this??

i’m always anxious about breaking the rules when it comes to. Money. Is her plan flawed?

OP posts:
tommyhoundmum · Today 15:15

Waffleswithhothoney · Today 11:17

What I don’t understand is this part ‘you can spend the income but as long as you aren’t using capital it’s fine’. So if I have £500k in a savings account when I’m elderly, and it’s all my own savings gathered over my working life I can only depend the interest and not dip into the capital? If I’m retired and decide that I want to have smoked salmon and champagne for breakfast everyday, I can’t because I’ll be spending £150 a week in Waitrose and someone might say I’m trying to avoid inheritance tax?
I tell my DM to spend her money and to enjoy her retirement but should I be telling her to live more frugally incase she spends any of her capital?

You can spend your capital on yourself but you can only give away from it within certain limits. However, you can give away income as it comes in again within certain limits.

hattie43 · Today 15:18

Winter2020 · Today 14:59

Better hope that state funded care still exists if your relatives need it then. I expect that it's on borrowed time - along with the universal state pension.

No it’ll still be available, just paid for by everyone that dares to have bought a home and saved something .

RedRosesParmaViolets · Today 15:19

She's directly paying for the food no one will care or even bother to question It.

People pay for their granschildren private school directly because it's not a tax issue.

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RedRosesParmaViolets · Today 15:27

Ethelrogers · Today 15:04

Who knows.

But honestly, the way my dad was treated (and countless others are and have been, the things I’ve learned through the three year legal process have been shocking), working all your life to pay 1.5 - 2k a week to be mistreated isn’t working out well either, is it?

You can’t blame people for saying fuck that. Especially after they helped me with him. The things they saw in those care homes shocked them. Even the fancy one with lovely wallpaper and a grand piano in the lobby.

Care is the one thing I am hoping robots will take over, they would be a hell of a lot better than humans. Or assisted dying. My dad used to beg me to end his life when he still had lucid moments and was able to comprehend the horror.

Edited

Don't want to derail the thread but I've had extensive experence of care homes and dying and yes it's uterly abysmal
We need a good assisted dying program
Everyone should be made to work on geriatric wards /care homes and nurises including MP.and then we would see some change

Harrysmummy246 · Today 15:30

LaurieFairyCake · Today 10:24

Regular gifts have no limit as long as it’s out of income

But, are considered on a sliding scale for IHT if given in seven years prior to death.

Ethelrogers · Today 15:30

RedRosesParmaViolets · Today 15:27

Don't want to derail the thread but I've had extensive experence of care homes and dying and yes it's uterly abysmal
We need a good assisted dying program
Everyone should be made to work on geriatric wards /care homes and nurises including MP.and then we would see some change

Absolutely. And you can’t blame people who have experienced it for not wanting to scrimp and save to pay for it when they know how terrible it actually is.

Livelovebehappy · Today 15:39

Have you got siblings? If so you need to also let them know. Once she passes and your siblings are looking at bank statements, you might be accused of financial abuse of your mother if they find out about all this money regularly leaving her account.

Moonboots123 · Today 15:39

People overthink everything. Let your mum pay for your weekly food shop should she wish and don’t even give it a second thought! The amount of scaremongering in this country…

Moonboots123 · Today 15:41

Harrysmummy246 · Today 15:30

But, are considered on a sliding scale for IHT if given in seven years prior to death.

Edited

She would need to gift over her £325,000 ITNRB before the sliding scale even comes into effect so I don’t think she has anything to worry about here.

CountryMouse22 · Today 15:48

My friend's mother used to pay her Barclaycard bill for her! I was quite jealous....

IsabellineFenwick · Today 15:50

Octavia64 · Today 10:29

Exemptions are:

nil rate band to 325k
an additional 175k nil rate if the main residence is inherited by children/grandchildren etc.

so if she lives in her own home which is due to be willed to kids/hrandkids it’s 500k.

in addition if she was/is married spousal allowances can transfer.

So if someone left a house worth less than 500k to 4 children, there would be no inheritance tax to pay? By current allowances etc.

Vulturesoverhead · Today 15:55

IsabellineFenwick · Today 15:50

So if someone left a house worth less than 500k to 4 children, there would be no inheritance tax to pay? By current allowances etc.

Exactly

If another parent is involved, they could combine allowances and get £1m

jessycake · Today 15:55

It’s fine don’t worry , it’s a small thing doesn’t impact her and makes her feel better .

IsabellineFenwick · Today 15:56

Vulturesoverhead · Today 15:55

Exactly

If another parent is involved, they could combine allowances and get £1m

Edited

Thank you.

PetiteBach · Today 15:57

Smilingpeacock · Today 10:23

Her total estate is about 500k

Single person allowance is currently £500k if it includes the primary residence of the person. Up to £1m if the estate includes property/money she inherited from her husband.

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