A close relative has asked me to look after quite a large sum of money for them from a property sale, in an interest earning ac, as they don't trust themselves with it. I have existing savings a/c's with ING and a couple of others, but I see a problem because I'm self employed and on higher rate tax. Can anyone suggest a solution? Can the relative open an ac in their own name, but with me as the only signatory? Or something else.....?
- posted
18 years ago