Insights

Move beyond the Collection Tin … make Charitable Giving work for you too

Karen Oliver, Senior Associate in our Private Client team, is featured in the latest edition of AGCC's Bulletin.  She looks at Charitable Giving and the potential benefits - both for recipient and the donor. 

Like all sectors, charities have suffered greatly since the pandemic took hold.

While huge numbers of us regularly support charities through cash donations, voluntary work or leaving legacies under our Wills, higher net worth individuals may want to consider the option of setting up their own charity. 

As well as offering vital support to the sector, there are tax advantages to charitable giving.

• Any gifts made to charities during lifetime or on death are exempt from Inheritance Tax.
• Where a set percentage of the estate is left to charity on death, the remaining estate benefits from a reduced rate of Inheritance Tax – great news for the charity but also for the family too.

Click on the image below to read the article in full.