Easing IHT burdens with regular gifts

The current economic climate has left many people uncertain about the future and advisers have found that some clients have been reluctant to commit lump sums to estate planning products. One alternative to single lump sum planning is gifting on a regular basis using an often overlooked exemption known as 'gifting out of normal income'. This exemption allows an individual to gift small or large amounts of their surplus income without incurring any charge to inheritance tax nor indeed affecting their nil rate band. The sum gifted must be from surplus income, for example salary, investmen...