Share-and-fund gift card

Wondering what to give someone? How about a share-and-fund gift card? Investments make a great alternative gift for, say, a friend, godchild or grandchild. Alternatively, you can use a deed of gift to give someone shares or fund units that you already own.

How to give a share-and-fund gift card

  2. Fill in the information, print out the gift card and give it to the recipient.
  3. Transfer the amount on the gift card to the recipient’s account.
  4. The recipient or their guardians will invest the amount.

In practice, you can give any amount you want on a gift card. A new investor can start with a mutual fund investment of just 10 euros a month, or with 100 euros of shares. Even a small amount of capital can inspire someone to start saving and investing.

 

Here’s how to use a deed of gift to give fund units or shares

You can use a deed of gift to donate fund units, shares or ETF fund units to a recipient. You can draw up the deed of gift yourself, or we can help you to do so.

Preparing a deed of gift

A deed of gift must indicate the following:

  • The personal information (name, address and personal ID code) of the recipient and person giving the gift (formally called the ‘donor’ in this context).
  • the book-entry account numbers of the recipient and donor, if you are donating shares or ETF fund units
  • information about the gift (type, number and total value of securities being given)
  • date and signatures.

In addition, a deed of gift may have an exclusion of marital right, meaning that the recipient’s spouse has no claim on the donated asset. In such a case, you will need two competent witnesses who sign the deed of gift. 

If the recipient is a direct descendant, the deed of gift may state whether the donation should be considered an advance on inheritance or a gift. In this context, the donor’s descendants are defined as the donor’s children or (if the children are dead) the donor’s grandchildren.

Instruct the recipient to send the deed of gift to their OP cooperative bank.

 

How can I donate (give) shares or fund units to someone?

You can donate shares, ETF fund units and other fund units. This is easy with a deed of gift. 

You can use a deed of gift to donate investments in listed companies: shares and ETF fund units. We’ll transfer these donated investments from your book-entry account to that of the recipient, as the deed instructs. Investments cannot be donated from a donor’s to a recipient’s Equity Savings Account in this way, because only money can be placed on an Equity Savings Account. 

You can use deeds of gift to donate fund units that you own, in the same way as shares.

 

How can I buy shares or fund units as a gift?
You can buy fund units and shares as gifts. First, you need to buy them for yourself. Then, you can use a deed of gift to donate them.
Will the recipient need to pay tax?

If you are the one donating fund units or shares, you should take account of gift tax. You can donate 138 euros a month, or 4,999 euros over a period of three years, in money or other assets without tax consequences. The 4,999-euro limit is donor-specific. If the value of the money or other assets donated is under the aforementioned limit, there will be no tax implications for the recipient.  

Any return on investments is taxed once the funds are withdrawn.

 

This is an advertisement. Please note investing always involves risks. The value of investments can rise and fall, and the investor can lose part of or all the invested money. Unit-linked insurance is issued by OP Life Assurance Company Ltd, with OP cooperative banks acting as its agents. OP Fund Management Company Ltd manages the funds, with OP Asset Management Ltd as the portfolio manager. Standard fees are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity special common funds.