Cut working wage to cover father's gift (9)

I believe the answer is:

patrimony

'father's gift' is the definition.
(something inherited from one's father)

'cut working wage to cover' is the wordplay.
'cut' becomes 'trim' (trimming is a kind of cutting).
'working' becomes 'on' (on can mean working or activated).
'wage' becomes 'pay' (payment for working).
'to cover' indicates putting letters inside.
'trim'+'on'='trimon'
'trimon' put into 'pay' is 'PATRIMONY'.

(Another definition for patrimony that I've seen is " Heritage".)

I've seen this clue in The Independent.

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