Why gifting to charities on death is a discussion worth having

A conversation worth having for numerous reasons

clock • 4 min read

Leaving money to charity in a will comes with IHT benefits, explains Neil MacGillivray

Let's face it, no one wants to think about their own mortality. But, as the old saying goes, the only two things certain in life are death and taxes. So, if we must think about taxes, we should also consider death too.  I appreciate that you're thinking death and taxes are not exactly the cheeriest of topics, and you'd be right. However, when dealing with clients it's important to plan for the inevitable and, equally, it's an opportunity for your clients to consider leaving a lasting legacy through gifting to charities in their will. Apart from allowing them to support causes they care a...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Figure breaks down at £22m a day for the government’s coffers

Hope William-Smith
clock 21 July 2023 • 2 min read
Frozen tax thresholds bite as 55% more pay additional rate 

Frozen tax thresholds bite as 55% more pay additional rate 

Hundreds of thousands dragged into higher paying tax brackets 

Jenna Brown
clock 29 June 2023 • 3 min read
Advisers and clients say financial decision-making getting harder

Advisers and clients say financial decision-making getting harder

Past five years has seen more and more political and economic uncertainty

Jenna Brown
clock 06 June 2023 • 2 min read