Better Tax Management with your private foundation – future gifting with tax benefits today
Read as we demonstrate that the use of your own private charitable foundation (the ATO terms this a Private Ancillary Fund – PAF) can further optimise the net outcome for you. This is achieved by delinking (a) the timing of when tax deductions are obtained from (b) the timing of gifting to charitable causes. This can enhance not only your personal position but also the net benefit available to distribute amongst charitable causes.
Better Tax Management with charitable giving
If you are considering making a charitable gift, there is merit in you making the gift before you die, rather than your estate making the gift postmortem.
The reason is tax.
Read this month’s Wealth Intelligence as Braith Morrow, Head of Advice & Compliance outlines how , with appropriate structuring, a donation to a Deductible Gift Recipient (DGR) can provide support to the charitable cause as well as potentially improve the tax outcomes of the donor.