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Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.
Don't fall into the common traps around gifting. Here we look at some tips to gift effectively.
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.
4 September 2023
These figures are from a survey of 2,000 people by Opinium for Hargreaves Lansdown in May 2023.
Gifting is becoming increasingly common. With reasons ranging from helping to buy a first home to simply helping with increased costs of living.
While it can just be a nice gesture, passing wealth across the generations is life-changing for many. However, the process can be complicated and we need to make sure we’re giving them a head start, not landing them with a headache.
This article is not personal advice. If you’re unsure whether a course of action is right for you, ask for financial advice.
Those on higher incomes are more than twice as likely to give large gifts (66%). It’s also a reason why almost half of investors have gifted, or plan to gift, more than £5,000 (48%).
Over one-third of
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