Making a charitable gift in your Will can help transform the lives of cancer and leukaemia patients and local oncology communities by making a real and lasting difference to cancer care, for generations to come.
Legacy gifts to charity are exempt from Inheritance Tax and, accordingly, can reduce the amount of Inheritance Tax due on your estate. This means more for your loved ones and for the charity you care about.
WHY WRITE A WILL?
A Will is very important as it allows you to take care of your family and your loved ones whilst also supporting the charity closest to your heart. A valid Will will ensure all of your wishes are met. Without one, certain rules will apply and your estate may not be shared according to how you want.
WHAT TYPE OF GIFT CAN I LEAVE IN MY WILL?
A legacy gift is a donation you leave to charity, person or organisation in your Will and there are three types:
Pecuniary gift: a set amount of money.
Residuary gift: a percentage, or the whole of your estate after all other payments have been made.
Specific gift: specific items such as property, antiques, jewellery or shares.
Gifts can be as small or big as you like, every single one is just as valuable to us no matter what the size.
THE BENEFITS OF LEAVING A GIFT TO THE CHARTWELL CHARITIES
Donating a gift in your Will to The Chartwell Charities will leave a profound legacy for patients, families and medical teams fighting Cancer now and in the future.
Loved ones benefit from the reduction of Inheritance Tax, which is payable on your estate on your death. If the net value of your estate exceeds the Inheritance Tax threshold (currently at £325,000), the rate of payable Inheritance Tax is 40%. This can be reduced to 36% by leaving a gift of at least 10% to charity.
Legacy gifts are also exempt from Inheritance Tax as the donation is deducted from your estate before any tax is calculated.
Please seek legal advice to assist you in preparing your Will and understanding the tax implications.
If you would like more information contact 01959 570322 or email info@chartwellcancertrust.co.uk
