Professional Advisers Tracking Study<\/a>\u00a0predicted that more people will consider leaving a gift to charity from their estate in light of the IHT changes.<\/p>\nAdvisers receiving more requests\u00a0<\/p>\n
This year\u2019s\u00a0survey, carried out by independent research agency Savanta, suggests that the recently announced IHT policies are already having an impact, with 60% of advisers receiving more requests for advice on estate or inheritance planning. \u00a0<\/p>\n
Some 65% of respondents said that as more estates will fall within the IHT scope, charitable tax incentives will become even more important to their clients. \u00a0<\/p>\n
Asked about the barriers for clients when it comes to donating through their will, most advisers cited clients wanting to pass on all their assets to family or friends (94%).<\/p>\n
Advisers also noted a difficulty among their clients in choosing which charity to support\u00a0(43%) and potential disputes or concerns between family members, friends or potential beneficiaries (42%).<\/p>\n
The survey finds an increase in professional advisers raising the topic of leaving a charitable bequest with clients, with 77% \u201calways\u201d or \u201csometimes\u201d doing so, up from 72% in 2023. \u00a0<\/p>\n
It shows that 24% of wills made by clients of advisers who always raise charitable giving included such a gift, compared to 14% among those who never do.<\/p>\n
Remember A Charity\u2019s long-term tracking reveals that the average proportion of charitable wills written through solicitors and will-writers increased from 17% in 2016 to 21% in 2024.\u00a0<\/p>\n
Charitable giving \u2018can be a highly effective planning tool\u2019\u00a0<\/p>\n
Tanya Watson, chartered tax adviser and senior director at Alvarez & Marsal Tax, said: \u201cThe changes to IHT are prompting a fundamental reassessment of estate planning strategies, particularly among clients who may not have previously been impacted. \u00a0<\/p>\n
\u201cWhat we\u2019re seeing is a growing need for tailored advice that balances financial objectives with personal values. \u00a0<\/p>\n
\u201cCharitable giving can be a highly effective planning tool, and these changes provide a timely reason for advisers to revisit legacy plans with clients who may not have considered this route before.\u201d\u00a0<\/p>\n
Lucinda Frostick, director of Remember A Charity, said professional advisers can have a \u201cprofound impact on clients\u2019 decision-making\u201d. \u00a0<\/p>\n
\u201cWhile talking philanthropy isn\u2019t always their comfort zone, fiscal incentives are \u2013 forming a natural starting point for approaching charitable giving. \u00a0<\/p>\n
\u201cEven though the reasons for giving extend far beyond tax incentives, these IHT changes make the legacy conversation more relevant to a wider group. \u00a0<\/p>\n
\u201cThey present an ideal opportunity for advisers to raise the topic, building understanding of legacy giving and inspiring more clients to support the causes they care about.\u201d \u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Changes to inheritance tax (IHT) policy announced in last year\u2019s autumn budget could boost charitable legacies, according to…\n","protected":false},"author":2,"featured_media":194034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,2499,16,15],"class_list":{"0":"post-194033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114703651811634265","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/194033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=194033"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/194033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/194034"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=194033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=194033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=194033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}