Financial gifts, philanthropy and charity

Giving money to family, friends and charities

It is not uncommon to want to give money to others – either now or after you have passed away. You may want to make financial gifts within your family, or donate to a cause that is close to your heart. You have worked hard for your money so when it comes to giving it away, it is natural to want control over how it is given and who it goes to.

Making financial gifts

Many people speak to us about making financial gifts to friends and relatives. Often it isn’t as easy as simply writing a cheque – the rules can be complicated, and you don’t want to risk creating an unexpected tax bill for yourself or the recipient. You may also want to decide when the money can be taken or how it is spent. We can explain the available options and help you make the right choice.

Philanthropy and charitable giving

There are many different ways to get the most from charitable donations. One simple way is to use Gift Aid to boost regular donations while cutting your tax bill. Another is to set up a charitable trust for larger or more long-term giving. Our financial planners can recommend the most effective way for you to donate.

How much money can you afford to give away?

Many people want to help others and know their kindness is making a difference, but this can cause problems if you give away more than you can afford to. Our experts can show you how much money you could have in future – and how much you could give away without affecting your lifestyle.

Speak to a Tilney financial planner about financial gifts and philanthropy by booking a no-obligation consultation or calling 020 7189 2400.


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