All legacies to charities are free from Inheritance Tax. In 2012, a new initiative was introduced that reduces your overall IHT liability from 40% to 36% if you leave 10% or more of your estate to a registered charity.
So leaving us a gift in your will is not just a great way to show your support, it is tax-efficient too.
There are two ways to leave us a gift in your will:
1. A pecuniary legacy. This is either a fixed sum of money or a particular item.
2. A residuary legacy. This is the remainder, or a percentage, of your estate after specified gifts to family and friends have been made and all costs paid.
Residuary legacies tend to be more beneficial as they are not affected by inflation. However, we welcome both types of legacy.
Patron - Mr Toby Dennis, Lord Lieutenant of Lincolnshire
Registered Charity No: 1139207
Company Registration No: 07210264