Money Gift Letter From Parents Template UK

The Money Gift Letter From Parents Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable samples.


Sample

Money Gift Letter From Parents Template UK

Editable – Printable



Money Gift Letter From Parents Template UK

1. Parents’ Information


2. Recipient Information


3. Gift Details

4. Purpose of the Gift

5. Declaration of Gift

6. Signature of Parents

7. Signature of Recipient

8. Legal Considerations

9. Date of Declaration


PDF


WORD

Examples


Money Gift Letter From Parents Template UK (1)
From:
[Name of the Parent(s)]
[Parent’s Address]
[Parent’s Phone]
[Parent’s Email]
To:
[Name of the Recipient]
[Recipient’s Address]
Date:
[Date]
Subject:
Money Gift Letter for [Purpose, e.g., purchase of a home, wedding, etc.]
Dear [Name of the Recipient],
Introduction:
We are pleased to inform you that we are gifting you the sum of [Amount] to assist with [specific purpose]. This gift is given freely and with no expectation of repayment.
Clause 1: Details of the Gift
The amount of [Amount] is intended to be used for [specific purpose, e.g., a down payment on a house, tuition fees, etc.]. We hope this contribution will help you achieve your goals.
Clause 2: No Repayment Required
This letter serves to confirm that the money gifted is not a loan and does not require repayment at any point in the future.
Clause 3: Tax Implications
We consider this gift to fall under the annual gift exemption limit as set by HM Revenue & Customs. It is advisable for you to consult with a financial advisor regarding any potential tax implications.
Clause 4: Declaration
We declare that this gift is made from our personal funds and is free of any encumbrances or conditions attached. We sincerely hope this assistance will aid you significantly.
Closing Remarks:
Please keep this letter as a formal record of our gift. Should you need any further assistance or have questions, feel free to reach out to us.
Warm regards,
[Signature of the Parent(s)]
[Name of the Parent(s)]
Money Gift Letter From Parents Template UK (2)
From:
[Name of the Parent(s)]
[Parent’s Address]
[Parent’s Phone]
[Parent’s Email]
To:
[Name of the Recipient]
[Recipient’s Address]
Date:
[Date]
Subject:
Gift of Money for [specific purpose]
Dear [Name of the Recipient],
Purpose of the Gift:
We are happy to gift you [Amount], intended for [detail the purpose, e.g., wedding expenses, education costs, etc.]. It is our pleasure to support you in this manner.
Clause 1: Amount and Usage
This money is intended exclusively to be utilized for [detailed explanation of how the money should be used]. We feel that it will enable you to [describe the intended outcome, e.g., purchase your first home, complete your studies, etc.].
Clause 2: Gift Nature
Please note that this is a gift with no strings attached, and you are under no obligation to repay this amount at any time.
Clause 3: Suggestions for Use
While it is your decision on how to use this gift, we do suggest considering [provide any personal suggestions, if applicable, e.g., some investment tips or practical uses].
Clause 4: Future Communication
We would love to hear how this gift has helped you in the future. Please keep us updated on your achievements and milestones.
Final Thoughts:
We are excited to help you during this special time and hope this gift brings you joy. Please let us know if you require any further assistance.
Yours faithfully,
[Signature of the Parent(s)]
[Name of the Parent(s)]

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Money Gift Letter From Parents Template UK