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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

to ask PIL for £68?

37 replies

sylar · 16/10/2009 22:10

We sold our house a while ago and had to split up our equity and put it into various accounts whilst we were renting. The idea was to maximise our interest.

We asked PIL who didn't have isas if they would open isas and we could put our money in (slightly naughty I know but not the biggest crime in the world)

Now we have asked for the money back since we're buying a house and they have given it back - but only the money we inserted, they have kept the interest.

We need every penny for the house move. Its not a lot but every bit counts.

If it were my parents I'd just ask for it but it isn't so I have to leave it to DH who is ignoring the issue.

AIBU to expect it back or does it serve me right for trying to use their ISA allowance?

Genuine question. Am interesed in responses and it will enable me to decide what approach to take.

OP posts:
2shoescreepingthroughblood · 16/10/2009 22:14

yabu
hardly a big enough ammount to fall out over, and it is his as the account was in his name.

kormaAAAARRRRGGHHchameleon · 16/10/2009 22:15

This reply has been deleted

Message withdrawn at poster's request.

Original poster
sylar · 16/10/2009 22:17

I wouldn't fall out with them over it 2 shoes, just ask for it.

They knew the reason we were putting it in the account.

Its just annoying and surprising.

OP posts:
MissAnneElk · 16/10/2009 22:18

YABVU. If £68 is going to make a noticable difference to your house purchase, you can't afford it.

larks35 · 16/10/2009 22:18

If it were my parents I'd ask for the interest, if my OH parent's I'd leave it up to him. If he doesn't want to ask for it then there's not a lot you can do and it the grand scheme of things £68 ain't a enough to get stressed about considering how much moving costs.

halfcut · 16/10/2009 22:18

They did you a favour ..let them keep the interest

Squishabelle · 16/10/2009 22:20

YANBU - I would just sound puzzled and ask "Wasnt there any interest on the money". I couldnt let it lie.

preggersplayspop · 16/10/2009 22:21

I wouldn't ask. It could be just an oversight, are you sure its deliberate? Its not worth falling out with them for 68 quid.

Original poster
sylar · 16/10/2009 22:23

Well actually they didn't do us a favour did they. We would have been better off having it in the normal taxable account.

It clearly isn't the end of the world but its still slightly annoying. Seems that the majority think IABU though.

My view is probably coloured by the fact that they never paid us the £150 from the holiday deposit they asked to put on our credit card a year ago and the £120 from their holiday spending money when they ran out.

OP posts:
CristinaTheAstonishing · 16/10/2009 22:23

What do you expect? You did something illegal, they do something cheeky. Tit for tat.

halfcut · 16/10/2009 22:24

aah AIBU by stealth

preggersplayspop · 16/10/2009 22:25

Seems they have selective memories when it comes to money then! In that case there is no way I would have made such an arrangement with them in the first place. Not that I would have anyway because, as others have said, it was illegal to start with.

Original poster
sylar · 16/10/2009 22:26

Not deliberately halfcut just found myself getting a bit defensive.

I won't ask I'll leave it up to DH to decide.

not lending them anymore money though!

OP posts:
halfcut · 16/10/2009 22:28

Sorry

ChasingSquirrels · 16/10/2009 22:28

have they closed the isa or just given you the money (from elsewhere?).
It might be that the interest hasn't been credited to the account yet?

Or they are gits!

ravenAK · 16/10/2009 22:28

It was a fiddle to start with. Sorry. YABU.

JustAnotherManicMummy · 16/10/2009 22:29

You brought the law and the law won. Well PIL any way

JustAnotherManicMummy · 16/10/2009 22:29

brought? fought.

So nearly perfect... damn the wine...

MissAnneElk · 16/10/2009 22:30

Was it really worth involving them for the amount of money concerned? (ie. either 25 or 40% of £68 depending on the level of income tax that you pay).

hanaboo · 16/10/2009 22:33

yanbu the whole point u put it in an isa was because u wanted the interest! don't they realise that?
i would have a word with dh, especially cos of the money they already owe u

ObsidianBlackbirdMcNight · 16/10/2009 22:45

Well you must have explained, when you asked them to open isas, that the reason was to get the interest, so not paying you the interest is very odd, yes. It might be illegal but that doesn't really bother me - but to withold the interest without mentioning it, or why, is weird. Sounds like they are money grabbers, which leads me to wonder why you let them look after the money in the first place!

Original poster
sylar · 16/10/2009 22:46

Can I just clarify for those tossing around the word "illegal", it was not illegal.

Legally what we did is give them money and they invested it in an isa which they are allowed to do. The interest then legally belongs to them and they have no legal obligation to give it, or the initial money to us.

However they are family and we expected them to give both the interest and the initial money back.

Just being pendantic maybe but we haven't acted illegally, just on trust and its clearly backfired .

Missann it wasn't worth it no but at the time interest rates were much higher and we thought we might be in rented long term.

Will let it rest now and go to bed.

Thanks all

OP posts:
PandaEis · 16/10/2009 22:46

i would say YANBU myself

the interest earned on the money belongs to you as it was a percentage earned on YOUR deposit into the isa. regardless of whose name was on the account the MONEY was always YOURS! your PIL are being VERY unreasonable to even attempt to keep any of the money in that particular account how petty and money grabbing of them to not give you the entire balance back

xx ei xx

MissAnneElk · 16/10/2009 22:48

The cash ISA which I have only adds interest once a year at the end of the tax year, so it is quite possible that they have no idea what interest has been earned so don't know how much to pay you, but I still stand by my previous post. Is it all really worth it?

ChunkyMonkeysMum · 16/10/2009 22:49

What has your DH said about it ? I think they've been quite cheeky tbh.