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How to give the gift of money to your kids or to charity while saving on tax

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How to give the gift of money to your kids or to charity while saving on tax

Structured gifting, both during and after our lifetime, can be effective if done properly

There are many different ways to gift money to your children. Photo: Getty

While the about-to-be Mrs Jeff Bezos, Lauren Sanchez, is likely to be spotted on a superyacht or red carpet and is known for spending big money on small frocks, the billionaire’s former wife is showing the rest of us a whole other kind of big spend, as she backs good causes on a massive scale.

In 2019, MacKenzie Scott promised to give away a fortune – and has already donated $12bn of it to non-profit organisations and charities, vaulting her to the top of global philanthropy charts.

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