Finance

The unstoppable rise of the Bank of Granny and Grandad

Five tax-free ways to give money and assets to your grandchildren

Older people are passing on their wealth to children and grandchildren. Photo: Getty

There was a time when getting a cash gift from your grandparents involved granny slipping you a fiver to go “buy something nice for yourself”, and “passing on family assets” meant getting a few old Werther’s Original from your grandad’s pocket.

But the past, as they say, is a different country.


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