Help needed regarding surplus income as never did this before.
Say I receive 2 pensions one from my late partner and soon the state pension, which will total £1240 per month. Can this be used to pay out of surplus income?
After say my monthly bill and expenses i have £500 left over every month, i want to gift £300 monthly to my son. Can i do this as a one of payment every year so 300x12 =£3600 in say october every year, or does it have to be a regular monthly payment?
Then can i also make him a £3000 gift on top of that from the 3k allowed exemption every year? And also pay other individuals £250 per year
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