Maybe there is a suitable PayPoint nearer your grandmother than the post office

Maybe there is a suitable PayPoint nearer your grandmother than the post office. The PayPoint network is still being rolled out across the UK and can be used to pay a variety of bills including the television licence.BT lets you pay in advance anything from pounds 2 upwards. These are found, says BT, “in corner shops, filling stations, newsagents and a host of other local outlets as well as through post offices and BT shops”. I’ve tried to get her to swap to a less outmoded form of payment, but she is wary of direct debits because she does not want to face a large bill at the end of each quarter. Is there any other way she could pay her bill?JC, LONDONThere are several possibilities:Consider the BT Payment card used at PayPoints. This rule prevents tax avoidance by parents who put their own investments in their children’s names.

However, the pounds 100 rule does not apply if the income is retained within the bare trust. And if the income from parental gifts comes to pounds 100 or less, it counts as the child’s income The child can set it against his or her own tax allowance. Income arising from gifts from other people, including grandparents, always counts as the child’s income.You already have several thousand pounds invested with F&C. Why not invest the new money in a different fund to spread the risk, rather than put all the eggs in one investment basket?Phone billsMy grandma pays for her BT phone bill with telephone stamps, but these days finds it harder to get to the post office.

So if you submit a claim before 5 April 1999 you can reclaim tax on dividends paid since 6 April 1992. The tax credit will no longer be reclaimable on investments held outside a PEP or, from next year, an ISA (individual savings account), which is the tax shelter successor to the PEP.Income from gifts made by a parent, such as interest on money put in a savings account, counts as the parents’ income if the income from parental gifts comes to more than pounds 100 per parent in a tax year. Your children will be able to do what they like with both the dividend income and the underlying investments.You might as well claim the tax back You can go back six tax years before the current tax year. If I claim back tax from now on would my wife and I, as bare trustees, have to hand this over to each child from the age of 18? We are reluctant to do this. NM, BUCKINGHAMSHIRE
These investments belong to your children. You are acting as nominees for your children and acting as “bare trustees” Once your children reach the age of 18 you lose control.