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 want to make financial gifts to friends and relatives. But 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. 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 make your gifts.
How much can you afford to give away?
Many people want to help others and know their donations are making a difference to someone’s life. But if you give away too much you could end up struggling yourself. Our experts can forecast your current and future outgoings, effectively showing you how much you can afford to 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 9999