A legacy gift is a specific item or donation left in a will. It’s also commonly known as ‘gifts in wills’. Legacy gifts are one of the most significant contributions you can make to a cause you care about, such as Niemann-Pick UK and have the potential to change lives.
There are different types of gifts in wills. Some of the most common gifts that charities receive are:
Residuary gifts – A share, or sometimes all, of an estate after all the other payments have been made.
Pecuniary gifts – A specific sum of money
Specific gifts – A particular item, such as property, antiques, jewellery, and shares.
It is important that the gift is described precisely in your Will so that the executors can understand exactly what you intended to leave as a gift.
Leaving a share of your estate to charity
One of the advantages of leaving a share of your estate to charity is that it doesn’t lose value over time, and if you leave a proportion to charity, you can still ensure other beneficiaries are provided for first.
As well as the gift itself being tax-free, charitable gifts can also reduce the amount of inheritance tax that the rest of your estate will pay.
If you give at least 10% of your taxable estate to charity, the inheritance tax rate for the rest of your estate drops from 40% to 36%. This means that:
FAQs
The following information is needed for a Will:
Steps to make a Will:
When writing your will, if you want to leave a gift to Niemann-Pick UK, you will need to provide your Will writer with details of your chosen charity (the charity name, address and registered charity number).
Our address and charity number
To include Niemann-Pick UK in your Will, please ask your solicitor to use our charity and address details below to ensure the gift reaches us.
Niemann Pick UK, a registered charity in England and Wales (1144406), Scotland (SCO45407).
Registered address: Vermont House, Washington, NE37 2SQ
03.04.24
Jackson Pountney, a PhD student at Aston University in Birmingham, needs your help. Jackson is undertaking a research project that will help us to better understand the impact of NPC on quality of life. This important work will help to advance understanding of NPC and support access to treatments in the UK and beyond...
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