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  • RE: Gifts out of surplus income

    I have 3 pensions one works pension a state pension and a private pension that I take an annual drawdown amount after tax taken. Please clarify if my drawdown pension is either classed as an income or capital . Thank you.
  • RE: Premium Bonds

    Hi thanks for above. But my question is are premium bonds prizes classed as income or Capital. This is for working out excess income over total expenses. Thanks
  • RE: Premium Bonds

    Hi is the £3000 gifting and marriage gifting allowance of £5000 classed as an annual expense or a deduction from my capital. Thanks.
  • RE: Premium Bonds

    I have seen recently via an accountants that premium bond winnings are classed as income. Then this can be used in calculating excess income over expenditure. Is this correct?