Premier Wealth Management based in Birmingham, UK

Charitable Trusts

The gifts that keep on giving

Philanthropy and charitable donations are a great way for successful people to give something back, to causes or ideals they feel passionately about. 

We understand that wealth is often built according to an ethos and a set of values, and a charitable trust can be a great way to ensure that your wealth can leave a lasting impression.

Trusts are legal structures that protect an amount of money. Trustees are appointed to control and distribute the money according to criteria that you specify, and must be adhered to. Some of the reasons trusts are formed include:

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Control – trusts can be designed around certain themes or ideals rather than specific organisations. You never know how the governance of an organisation might change over time. Your trustees can be given the latitude to choose the most suitable organisations over time, according to your instructions.

Succession – preventing access to some or all of the money until criteria have been met, especially useful for those who can’t manage funds on their own.

Taxation – It can sometimes be more efficient to hold assets in trust, as trusts have a distinct set of tax bands.

If you’d like to learn more about Trusts or talk us through the ideals and values that you want your wealth to contribute to, get in touch with us. We’re happy to help.

Trust and Taxation Advice is not regulated by the Financial Conduct Authority. Tax treatment is dependent on individual circumstances and may be subject to change in future.

Why choose Temple Row?

The best people

Our team are experts in all aspects of Wealth Management. We will work hard to protect your wealth and maximise the value you and your family get from it.

Core values

We have a set of values that are present in everything we do. They ensure we put our clients first and provide a transparent service tailored to your individual needs.

WOW Process

Our proprietary process gives us a deep understanding of your personal circumstances and helps us to continually match your goals to your risk and returns.

Frequently asked questions

If you have built enough wealth that your heirs will be able to live comfortably for generations to come, and you want to make a difference to causes or ideals that are important to you, a trust might be suitable for you. Contact us and we’ll happily talk you through the options.

Not at all. The beauty of designing these types of trusts is that you can choose themes or ideals rather than specific organisations, and leave directives that can be managed by the trustees long after you have gone. Some of the themes that our clients have looked into were homelessness, health, hospices, religious affinities, or even benevolent funds of professions.

Yes there can be. By working with a tax professional, there are a number of inheritance tax benefits you may be able to take advantage of.

No, trusts are essentially a legal structure that protects an amount of money from unnecessary tax liabilities, or people accessing it at the wrong time or for the wrong reasons. Trustees are people appointed to be able to control the money, according to the criteria you specify.

This depends on the structure and type of trust that is set up, and is something to think about when building your plan. Usually either the organisers or beneficiaries pay tax on trusts. It is also worth considering that trusts have a different tax banding than individuals or traditional companies.

Relevant insights

Interested?

We’d happily talk through our offering and guide you through putting your assets into a Charitable Trust.