Money Matters: gifts and giving

30 June 2020 / Insight posted in Article

We are currently inundated with calls on our time, financial resources and headspace. However, many have shown their solidarity with their communities by making charitable donations. Being generous does not mean that we should abandon our usual practice of making sure that we give efficiently, and we want to highlight some hints and tips on how tax efficiency can benefit charities to make your financial donation go further. We don’t forget families either, helping children and grandchildren, and provide a timely reminder about ensuring that you document any gifts that you make.

Against this background of being generous, our financial planners suggest that, where resources allow, you take advantage of your annual investment allowances. Investing now could allow you to take advantage of tax allowances that may be less generous in future and ‘time in the market’.

Together, our financial planners, tax specialists and lawyers are here to support you and your family with current issues and planning opportunities. Whether you want a review, or to discuss a change of direction, our experts are available to assist.

Tax efficient giving

Lynne Rowland, tax partner explains how you can maximise your giving for both yourself and the recipient.

Tax allowances

David Mitchell, chartered financial planner with Moore Kingston Smith Financial Advisers talks you through the types of investments that could leave you with more to give.

Documenting gifts

Richard Burgess, a private client solicitor from our legal team explains the basics to ensure your gifts are documented properly including land, shares and other gifts.