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Posted Wed, 23 Aug 2023 21:53:15 GMT by
Looking to set up a regular monthly payment to relative who has had major stroke from regular income (not savings) . Is there a limit on this monthly payment (assuming it does not affect my living standards) ? Does it matter that they live in Jersey in terms of tax?
Posted Wed, 30 Aug 2023 15:39:19 GMT by HMRC Admin 20
Hi Gillian,

For the money not to be included in your estate for Inheritance purposes the limit is £3000 per year.
If not inheritance tax related there is no limit.

Thank you.

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