Son's wedding

[JennyChe]

Hi I have had brilliant news my son plans to propose to his girlfriend of many years! I plan to help him with the ring and will also help them with the wedding when it happens and have seen that I could gift him 5 thousand pounds tax free but worried that this is a wedding gift and not upfront before to help? Has anyone else had the same?

You can do 3k a year without tax implications , do you already do that ?
I also know of people that regularly gift cash , not huge amounts but is generally untraceable to the tax man

The tax limitations relate to gifts made within 7 years prior to your death. Unless you are likely to die within the next 7 years I would suggest that you make whatever gifts you like and don't give it a second thought. It may help to keep records 'just in case' but hopefully you'll outlive the 7 years and the gifts are then of no consequence.

I actually paid the suppliers direct for some of my daughter's wedding as then this doesn't show as a gift to a person. So things like food at wedding and her dress and I gave £5k towards honeymoon, again you could pay that to the company directly.

You can gift or pay for as much as you want tax free. The only relevant tax is the possibility of IHT.

O right ok thanks I understand more now, anyone now how this works then if a joint account with my husband would that be 6 grand? Abit off topic I know

You can transfer your son whatever you like. There is no limit.