Equity release for tax saving purposes

dimbo61

If your part of a couple you can pass on £1,000,000 without paying Inheritance tax.
Now if you want to help the kids/grandchildren you can help with things like LISA, Children trust funds, Gifts of £3,000 each year and other smaller amounts.
If you can afford to help pay for your child's/grandchild's University costs by regular payments for say accomodation or gifts at Xmas, Birthdays and Weddings.
Child savings accounts 
Think outside the normal ideas

ranike

Interesting d61.
Thanks

dimbo61

When the time comes and the kids have moved out then consider downsizing to a more suitable property.
If you have spare cash then ISA,s both cash and stocks and shares.
Now I love Offset mortgages and find they are helpful for the next generation especially YBS friend's and family Offset.
Way to help the kids without handing over huge amounts of money.