Deputies: manage a Court Funds Office account
Manage an account
A Court Funds Office account is called a ‘special account’ if the account holder has a deputy.
Statements
As the deputy, you’ll get statements in April or May and in October or November each year.
You can also ask for a statement at any time by contacting the Court Funds Office.
Court Funds Office
enquiries@cfo.gsi.gov.uk
Court Funds Office
Sunderland
SR43 3AB
Interest and tax
Special accounts currently pay 4.75% interest. The rate is not fixed - it is set by the Lord Chancellor. You’ll be told if the rate changes.
Tax is not deducted from special accounts. The person you’re deputy for must pay Income Tax if the interest is more than their tax allowance.
You’ll also get tax vouchers (for tax returns) with your April statement.
Change of address
Write a letter to the Court Funds Office to tell them if your address changes so you can keep getting statements and tax vouchers.
Court Funds Office
Sunderland
SR43 3AB