What is the rate of interest on pecuniary bequests

[Freelander]

Hi new here and hope some one can help ,

my brother and myself are executors for my late Mother’s will , the. Property has just sold and we are nor ready to carry out Moms wishes ,

this has taken 18 months to sell the property so I understand that those recipients of cash gifts are due to be paid interest ,I can only find rates mentioned from 2016 of 0.1% is this the correct rate and where will I find the information if needed to prove .,,,, Many thanks hoping to pay everything out next Friday the 5th of June

Cheers
Chris

[des8]

Rate is still 0.1%
I think it is the court funds office where you find updates.
It is sort of linked to Bank of England base rate , which has remain unchanged, so there has been no variation since its reduction in 2016

Don't forget as personal representative you may have to pay tax on the interest
https://www.gov.uk/hmrc-internal-man...anual/tsem7490