‘Easy way’ to gift this Christmas could reduce hefty inheritance tax bill | Personal Finance | Finance
32 percent applies after three years; 25 percent after four years; 16 percent after five years and eight percent after six years.
Karen Jordaan, Head of UK, WorldRemit spoke exclusively with Express.co.uk about further benefits of gifting cash.
She said: “You can save money. We are all feeling the pinch at the moment – with recent research finding that 79 percent of Brits have seen the cost of living increase this year.
“Using a transfer service allows you to check the current exchange rate using a pricing calculator, recommending the best times to send.
“Plus, you can decide how much you want to send, helping you stay within budget and avoid forking out on an expensive gift that you’re not completely sure they will appreciate!”
Additionally, gifting money could be a great way to help loved ones who are struggling with rising bills.
