Small Gift Exemption / Inheritance Tax Savings Plans
The Small Gift Exemption Savings Plan allows individuals to transfer up to €3,000 annually to a child or other beneficiary without triggering Capital Acquisitions Tax (CAT) . This structured approach to gifting helps accumulate wealth for loved ones while staying within tax-free limits. Key Benefits Tax-Free Gifting : Up to €3,000 per year per donor without CAT implications. No Impact on Lifetime Exemptions : Does not reduce the beneficiary’s lifetime inheritance/gift tax thresholds. Flexible Contributions : Make monthly or annual contributions with the option to pause or stop anytime. Compounded Investment Returns : Contributions are invested and may benefit from long-term growth. Tax-Free Investment Growth : All future returns are exempt from CAT. Ownership Transfers Immediately : Once contributed, the funds belong to the beneficiary and cannot be reclaimed. Eligibility : Available for both under 18 and over 18 beneficiaries (terms may differ slightly). Ty...