kempiejon wrote:Bouleversee wrote:and when I pop my clogs NS&I will, I believe, release it to pay tax due on my estate before probate is granted, a huge consolation.
I'm not sure you can count on that see https://www.nsandi.com/files/published_ ... s-form.pdf
We will let you know if we need a Grant of Representation (also known as a Grant of Probate or Grant of Letters of Administration)
once we receive your completed form. We may ask for this if the customer’s total NS&I savings are £5,000 or over. The Director of
Savings also reserves the right to request a Grant of Representation for a claim of any value.
I thought I had established that NS&I would pay the proceeds of investments directly to HMRC to pay IHT tax due on an estates, thereby reducing the amount that would need to be paid in order to obtain probate, once that amount had been determined. I wasn't talking about paying it to executors/beneficiaries directly. However, I will check again if you think I am mistaken but it won't be today.