Can I pay into my adult children's ISA directly

t0rt0ise

https://forums.moneysavingexpert.com/discussion/comment/82146373#Comment_82146373

Additionally there is a tapering of IHT for gifting money. So it depends how long ago you gave the money as to how much tax would be due if you die within seven years. So if you die after six years only 8% tax payable instead of the full 40%.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82146735#Comment_82146735

The tapering only comes into effect, for gifts above your nil rate band ( so big gifts).

For example if you gave away £500K and died after 6 years. Then £325K would go back into your estate 100%. Then £175K would only be charged IHT at 8%. In theory this could be owed to HMRC by the beneficiary, although in practice the estate usually pays ( HMRC do not care as long as they get the money )