Is this safe, and how can interest be tax free?

The deal, which is designed to be tax free, will take place in two steps, the companies said yesterday.

For a single person, the first $12,500 would be tax free.

The first £150,000 of an individual's estate is tax free.

She did say, however, that they would be tax free.

If paid directly to the care home, it is tax free.

Interest would be tax free, unless the money was not used for college costs.

Thus a husband and wife jointly could give $20,000 tax free to a child under 14.

The deal was structured to be tax free, the companies said.

But some money you may have received could actually be tax free.