Navigating the notoriously complicated rules around gifting and inheritance tax - Gareth Shaw

On a recent visit to our building society, we discussed our finances and were told that, as our estate amounted to less than £500,000, we did not have to worry about giving cash to our children as no tax would be payable. We are in our 80s and need to help our son with household expenses. Please can you confirm we have been given correct information?

The, Famous