Simplified accounts threshold increased to £30,000

Mar 09, 2023

The threshold for simplified accounts has been increased to £30,000.

A simplified account applies when the adult’s estate is less than £30,000. In this type of accounting we are looking for financial guardians to provide general, low level information.

When the adult’s estate is over £30,000 more detailed information will be required and the standard full account form should be completed.