In this guide, you’ll learn the key considerations, work through a practical example and find useful next steps. Take your time and use the free worksheets to put ideas into practice.
What you’ll take away
- Identify shared finances
- Ask the bank about options
- Preserve records
Identify shared finances
List joint current accounts, savings, overdrafts, credit cards and direct debits.
Ask the bank about options
Understand how joint account holders may remain liable and whether account controls can be changed.
Preserve records
Keep statements and a dated record of shared bills and agreed contributions.
Avoid unilateral assumptions
Get legal advice before moving or withholding significant shared funds.
What to gather
- Joint account statements
- Direct debits and standing orders
- Written record of discussions
Putting your learning into practice
Use the guidance above to identify the information you need and the questions to investigate. Consider:
- Identify shared finances.
- Ask the bank about options.
- Preserve records.
- Avoid unilateral assumptions.
This is general financial education, not a personal recommendation, an assessment of suitability or an invitation to buy or arrange a financial product. Check current official information and obtain appropriate professional advice for individual circumstances.
Further help
For up-to-date rules and support, see this UK guidance resource. Check which rules apply in your part of the UK.
Keep learning
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