ADVICE...GIFTING MONEY TO FAMILY

[Yankydoodledandy]

Family member is applying for care package after becoming ill.

Previous 18 months when they were healthy no problems at all, they gifted £5,000 as follows:

£3,000 to Nephew who went to study abroad. £2,000 to sister just as a gift.

Finance dept is querying this. Surely you are allowed to gift money????

I guess finance are thinking it could be a deliberate deprivation of assets to avoid paying for care, but it depends whether you family member was ill, potentially needing care when the gift was made.
Here’s a link: www.ageuk.org.uk/information-advice/care/paying-for-care/paying-for-a-care-home/deprivation-of-assets/

Age UK also have a telephone helpline and their advisors are very helpful.