Proof of Funds - Money in Parents Savings

[Candyholla1453]

Hi All,

Can someone assist me.

I returned from London 10 years ago and placed the money I had saved into my parents bond account as they received a good interest. I left it over time and transferred the total amount into my account in March of this year. I left it there for CIC purposes. I am sure they will ask where the funds came from. What is the correct way to draft a letter explaining this and who would have to sign/notarise etc?

Any help would be appreciated

 

[thrissookkaran]

Hi All,

Can someone assist me.

I returned from London 10 years ago and placed the money I had saved into my parents bond account as they received a good interest. I left it over time and transferred the total amount into my account in March of this year. I left it there for CIC purposes. I am sure they will ask where the funds came from. What is the correct way to draft a letter explaining this and who would have to sign/notarise etc?

Any help would be appreciated

Hi,

You can make a gift deed for this- print a word document mentioning the full name of your parents and relationship to you and saying that they are gifting this money for you- The money need not be returned- also, if possible, attach bank statements of your parents' account and your account showing the transaction.

 

[dell2]

Why don't you get 6 month average bank balance certificate/letter ?
if they ask further provide month to month statements with additional docs about fund transferred