Inheritance tax

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?

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.