5 reasons why we gift our money

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We look at some of the biggest reasons for gifting our money to our loved ones.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

24 August 2023

Gifting also being used to help with the cost of living and debt

Figures are from a survey of 2,000 people by Opinium for Hargreaves Lansdown in May 2023 (released July 2023).

What’s the point of having spare money if we can’t help our loved ones? We want to give them a helping hand, whether that’s with life’s big moments, like buying property, or supporting them when times are tougher.

It’s why a third of people have either already given, or will give, their family members large gifts according to our survey.

The most common reason to give a gift is to help people with a property purchase – which 12% of the people surveyed have done or plan to do. In an economy with average house prices having risen £122,102 between January 2013 and 2023, it’s not surprising many first-time buyers need a bit of