if you earn/have an income of say £100k net after tax annually
I can't see this being an issue for many. this income level puts one in the top 3% or so of the population. 90% of us live on less than around £50k after tax, and half of us on less than £25k. (2022 data from ONS Survey of Personal Incomes)
The £100k was only used to illustrate how the gift tax worked, I could just as easily used £50k or the deemed more comfortable retirement income of over £34k. The point being the annual income surplus above your annual outgoings could be made as a gift to someone, above and beyond the current £3000 annual limit. But if you want to score points far enough, as top 3% is still close on 2 million people and with 10% of the population income over £50k that's still around 6.5 million people.
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