There are many reasons we may want to give money to those who are important to us. We may want to pay for a holiday, buy a car, help with education fees or provide the deposit for a mortgage – there may be many other reasons too. We may want to support a cause which is dear to our heart.
However, it’s important to know how much we can afford to give and the implications of gifting this money. Are there taxes to consider? Is giving the money away the right thing to do, or should we retain some element of control over it? How will giving the money away affect our overall financial position?
Get in touch to have a no-obligation conversation or meeting to see how Peter can help answer your questions and help you to make the right decisions surrounding your disposable assets.
