IHT gift from surplus income letter
There is an inheritance tax exemption for monetary gifts made out of your surplus income. To demonstrate that a gift has been made out of surplus income you should send a letter with each gift you make.
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Government rushes through NI cap on pension salary sacrifice
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Sneaky change is a blow for side hustles
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Sole Trader Versus Company - Beta Test
A calculator for working out your business profits as sole trader or a company
Write a letter
Keep this IHT Gift from Surplus Income Letter with your will to help your executors when dealing with your estate (see Inheritance Tax Manual IHTM14242).
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