Georgina
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RE: Inheritance Tax - normal expenditure out of income.
I have had a look at the page and it says the phone line is only for when someone has died and they don't advise on how to pass money on to your family. Can you please give me details for the right people to contact to get an answer? -
RE: Inheritance Tax - normal expenditure out of income.
Hello, the rules state that a grandparent can pay into a savings account for a child. Does the savings account have to be in the child's name? I'm asking because most of the children's savings accounts need to be administered in branch or via post which makes it very awkward to use the money to pay for school fees, which is what the money is for but it won't be used for another couple of years until the child turns four.