Inheritance tax only applies to gifts of capital. There is currently a very generous exemption from inheritance tax for regular gifts out of income. In order to qualify for the exemption it is important to set up regular transfers and to be able to prove that after those regular gifts you are left with sufficient income to support your normal lifestyle.
We can assist you in taking advantage of this generous exemption and keeping the necessary records for HMRC.
There are a number of insurance based products that take advantage of this relief and the regular payments could be used to fund school fees for children and grandchildren.