Kate Garraway seeks help over £700k tax bill after using pension to cover expenses

Kate's Financial Struggles

Desperate Kate Garraway has sought assistance after being hit with a £716,000 tax bill stemming from her late husband Derek Draper’s company. Kate had to close Derek's firm and used her pension fund to cover his medical and care bills during his battle with Covid-19.

Financial Experts to the Rescue

The Good Morning Britain presenter has enlisted the help of London-based financial specialists Hacker Young to navigate discussions with HMRC regarding the substantial fees she now faces.

Dealing with Debt

After closing Derek's company, Astra Aspera Ltd, with outstanding debts, Kate found herself burdened with a hefty tax bill. Her own company also experienced financial challenges, with assets decreasing significantly in the past year.

Emotional Strain

In a candid moment on GMB, Kate admitted to feeling a sense of shame over her financial situation, despite her well-paid job. She expressed regret over not being able to manage the expenses more effectively.