If you want to help your children or grandchildren by giving them money for a deposit or university fees, what are the rules?
Many people worry about having to pay inheritance tax when they die, but few are aware that they can give money away while they’re still alive. The rules are quite strict so you can’t give away a fortune, but you may be able to give away more than you think. What you shouldn’t do is try and give away so much money that you don’t have enough left to live on because the chances are you’ll also fall foul of HM Revenue and Customs’ rules.
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