Well if you click on the link and follow it through to setting up a direct debit, you will find it is 12 monthly instalments. There are not 12 months between now and January. Therefore not all your instalments will be in by January. It is extremely unlikely that the money will be used for an upfront transfer fee of £75k. Even if it was, any good beancounter will tell you that as long as you know you are going to get the money in over time, you can usually jiggle other expenditure to fund a delay in receipt. Much harder to do if you are not sure you are ever going to get the money in.
If you want to contribute, do it. If you want to contribute monthly, do it monthly over 12 months. If you don't want to contribute that's fine too.
Came up in conversation Saturday that this could now be marketed as an Xmas gift for someone at this time or year. Might not work but could be worth a shot.
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Well if you click on the link and follow it through to setting up a direct debit, you will find it is 12 monthly instalments. There are not 12 months between now and January. Therefore not all your instalments will be in by January. It is extremely unlikely that the money will be used for an upfront transfer fee of £75k. Even if it was, any good beancounter will tell you that as long as you know you are going to get the money in over time, you can usually jiggle other expenditure to fund a delay in receipt. Much harder to do if you are not sure you are ever going to get the money in.
If you want to contribute, do it. If you want to contribute monthly, do it monthly over 12 months. If you don't want to contribute that's fine too.
OK. Thanks.
Came up in conversation Saturday that this could now be marketed as an Xmas gift for someone at this time or year. Might not work but could be worth a shot.