As with gifting to grandchildren, you can give away up to £3,000 worth of gifts tax-free to your children in a single tax year. This is known as your annual exemption. Technically, you can gift as much money to your children or other family members as you like, but in order ...
If a grandparent invests for a grandchild using a bare trust, the invested amount is unlimited and money from the trust can be used for the child’s benefit before 18 if required. The investments are taxable, but it is the minor beneficiary who is liable, and their personal income tax an...