We are taking part again this year in Remember a Charity in your Will Week to help raise awareness of the importance of gifts left in Wills.
This year’s campaign is calling on the public to ‘Have your Say on the World You Want to Pass On’ in an attempt to inspire charitable gifts in Wills once family and friends have been looked after.
Three quarters of Britons regularly give to charity in their lifetimes, yet only 6% currently include a charity when writing a Will. Nevertheless gifts in Wills are still the foundation of many of Britain’s charities, creating almost £2 billion each year, the equivalent of 19 Comic Reliefs. Without this income, many charities would simply not exist and others would have to cut crucial services.
A dedicated legacy radio station Last Pirate FM has also been travelling the country to highlight this campaign.
Taking professional advice to write a Will, has never been so important, given the complexities of the Inheritance Tax Allowances. These allowances include the nil rate band, the transferable nil rate band and the new residence nil rate band. Gifts to charities are of course exempt from inheritance tax, they are registered charities.
You can find out more about the campaign at www.rememberacharity.org.uk