Record keeping for lifetime gifts - Zenplans
With gifting is set to play a more central role in clients’ financial plans, the associated record keeping cannot be left to chance.
Zenplans’ Lifetime Gifts Tracker gives advisers and clients a structured, shared record of lifetime gifts ensuring clarity, evidence and peace of mind when it’s needed most.
What it does:
- Record and categorise lifetime gifts
- Track gift exemption utilisation
- Maintain structured surplus income evidence
- Store supporting documentation centrally
- Populate the IHT403 returns at a click of a button
- Secure sharing with executors and other advisers
- Automatic prompts and reminders to fill missing gaps and unused exemptions
Why it matters:
- Lifetime gifting is becoming more central to IHT planning following the upcoming pension changes
- HMRC IHT investigations are rising, with almost 4,000 cases in the last tax year
- Nearly half of wealthy individuals don’t keep proper records of gifts
Incomplete or scattered gift records mean exemptions can get missed and IHT positions are built on guesswork. A structured record means nothing falls through the cracks both for the adviser during planning, and for executors and beneficiaries down the line.
2027 Ready offer:
Firms onboarding through the 2027 Ready programme by 31 November 2026 receive a 20% discount off standard pricing.