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My parents want to gift money to my son. What is the most tax efficient way to do this?

Q My son is very lucky as my parents want to give money to me for him when heโ€™s older. Theyโ€™d like it to be used for college fees, etc. I believe it will be about โ‚ฌ200pm. I heard there is a tax efficient way to do this. Can you point me in the right direction and maybe have a chance of a good return on this money please?
Philip Cullen Southeast Mortgages Financial Services Bare Trusts Bare Trust Southeast Mortgages Financial Broker

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