Gifts from Surplus Income

loiner

https://forums.moneysavingexpert.com/discussion/comment/81975580#Comment_81975580

It's all on the spreadsheet 😀

loiner

https://forums.moneysavingexpert.com/discussion/comment/81976421#Comment_81976421

I believe it's the frequency of payment (weekly, monthly, annually etc) that must be regular. As you say, income and expenditure will be variable.

silvercar

https://forums.moneysavingexpert.com/discussion/comment/81980520#Comment_81980520

That’s good to read. If the worst should happen that would be to our advantage as we helped out with a large deposit for our offspring’s house purchase in a year when my OH had a large bonus. Just need to remember to give a small gift each year, to keep up the annual gift giving.

phlebas192

https://forums.moneysavingexpert.com/discussion/comment/81980647#Comment_81980647

The legislation refers to "[the gift] was made as part of the normal expenditure of the transferor". A large one off gift for a specific purpose is not likely to be viewed as part of your normal expenditure and following it up with much smaller amounts is not going to retrospectively make it so.

Variable amounts are allowed because income can be variable and hence available expenditure is also variable. If you establish a pattern of gifting your son the same percentage of your OH's annual bonus as the initial gift then that would be fine.

silvercar

https://forums.moneysavingexpert.com/discussion/comment/81981752#Comment_81981752

Numerically that may work, the bonus was a one off due to the reward of many years work coming to fruition.