Mr/Mrs [Full Name]
[Address Line 1]
[Address Line 2]
[Postcode]
Date: [Insert Date]
For the attention of my Executors – [Names]
Having reviewed my income and expenditure, I confirm that my income regularly exceeds my normal living expenses. It is my intention to make regular gifts from this surplus income to the beneficiaries named below and to continue doing so until further notice.
| Beneficiary | Amount | Frequency |
|---|---|---|
| [Name] | £[Amount] | [Monthly/Quarterly/Six-Monthly/Annually] |
| [Name] | £[Amount] | [Monthly/Quarterly/Six-Monthly/Annually] |
Optional paragraphs – include those that apply
1. General direct gifting (no savings accumulation):
These gifts are made directly from my income, which is paid into my current account. The transfers to the beneficiaries are made from that account on a regular basis and represent part of my normal expenditure out of income.
2. Using a savings account to accumulate surplus income:
My surplus income is paid into my savings account (account number [XXXXXXX]), where it may accumulate before being distributed. The purpose of this accumulation is to manage cash flow and timing of gifts – for example, I may build up approximately £[XX,XXX] of surplus income over several months and then make gifts totalling around £[XX,XXX] from that same account.
3. School or university fees:
It is my intention to use part of my surplus income to assist with my grandchildren’s [school/university] fees. Payments will be made [monthly/termly/annually] directly to the relevant school or to their parents to cover these educational costs. These payments are made from my income and do not affect my usual standard of living.
4. Family holidays:
I intend to use part of my surplus income to fund annual family holidays, paying directly for accommodation and travel or reimbursing family members for these shared expenses. These payments form part of my normal expenditure out of income and are intended to be regular while my income continues to exceed my expenditure.
5. Mortgage support:
It is my intention to use part of my surplus income to assist [name(s)] with their mortgage payments. These gifts will be made [monthly/quarterly/annually] from my income and are expected to continue for the foreseeable future. They are affordable within my income and do not affect my standard of living.
I confirm that these gifts are made from income rather than capital. I have reviewed my income and expenditure and confirm that making these gifts will not affect my usual standard of living. Supporting records of my income and expenditure are retained to assist my executors in demonstrating to HMRC that these gifts represent normal expenditure out of income.
Yours faithfully,
[Signature]
[Full Name]
