If I wish to make regular gifts from income, can this be carried out by making the gift into an independent ‘family’ account whereby at final closure of this account,whether it be at death of donor or cessation of gifting,the balance of the account can be distributed to ‘family’ (children and/or grandchildren).If achievable would it have to be via a trust,and if so how do I arrange this?
I understand the conditions for gifting from income, but can income be made up of occ.pension,state pension and investment income?
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