9th January 2015
With the 31st January tax return deadline fast approaching, charitable giving is not often at the top of people’s lists. However, for higher rate taxpayers, January provides the final opportunity to benefit from charitable tax reliefs against last year’s income. Now is the perfect time to think about making a gift that would have a significant impact on your tax bill for 2013/14, even if you aren’t sure which specific charities you would like to benefit.
Utilising an “Own Name Foundation” within Prism the Gift Fund allows you to make a donation and benefit from charitable tax reliefs. The money is then housed in our Donor Advised Fund until you decide where you would like to make disbursements to charitable organisations all around the world. The account can be set up swiftly with no hefty set up costs and there is no time limit on making your onward gifts.
For more information on how an Own Name Foundation could work for you this January, please contact Morgan Kainth on 020 7486 7760 or email [email protected]
