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Gifting money to grandchildren - the rules you need to know
Gifting money to grandchildren and all the tax rules associated with it can seem intimidating, but you don't need to pay for a financial adviser to know the basics. Learn how gifting money through Junior ISA or Bare Trusts can help you save money in the long term.
The gift that keeps on giving
The Bank of England estimates that a typical UK family will spend, on average, an extra £800 in December. That's not overly surprising when the average parent spent £129 on each child for Christmas in 2019 and the average grandparent spent a further £81.