NS&I: paying IHT and the Direct Payment scheme
Posted: February 7th, 2023, 10:58 am
There have been several mentions of the Direct Payment Scheme (where IHT can be paid direct from a bank account to HMRC before probate, in order to get probate, where the account would otherwise be 'frozen' before probate) and using NS&I accounts.
Readers may be interested to read this FOI request (which I stumbled on while looking for something else)
https://www.whatdotheyknow.com/request/details_of_the_arrangements_for#incoming-1590679
It seems as if NS&I were (before about 2020) a bit slower than other banks (using their own methods), but have (since around 2020) adopted the scheme similar to other banks in the Direct Payment scheme.
Readers may be interested to read this FOI request (which I stumbled on while looking for something else)
https://www.whatdotheyknow.com/request/details_of_the_arrangements_for#incoming-1590679
It seems as if NS&I were (before about 2020) a bit slower than other banks (using their own methods), but have (since around 2020) adopted the scheme similar to other banks in the Direct Payment scheme.