Inheritance Tax Tips: How to Gift Money Tax-Free in the UK

Did you know you can give away an unlimited amount of money from your income without paying inheritance tax? In this video, we'll uncover a little-known allowance that lets you pass on your wealth tax-free. We'll explore the strict rules you need to follow, including the difference between income and savings, the importance of regularity, and how to maintain your standard of living. With the government's decision to include pensions in inheritance tax calculations, now is the time to plan ahead. We'll also discuss other ways to give money without paying tax, like annual allowances and wedding gifts. Don't miss out on these valuable tips to reduce your inheritance tax bill and ensure a secure financial future for your loved ones.