Gifts left in Wills to charities are on the increase. The funds left by individuals can provide much needed support to those named charities. For those wishing to leave 10% or more of their estate to charity, there is an added incentive of a reduced rate of Inheritance tax to be paid on the rest of the estate. Philanthropy combined with tax reductions - a win/win situation!
The number of charities benefiting from legacy donations is rising, according to new Smee & Ford data released at Remember A Charity’s Forum event on Tuesday 19th April. Remember A Charity and Smee & Ford have come together to announce the latest figures for the number of charities included in charitable Wills in 2015. The number of charities named in a Will in England, Scotland and Wales increased by 10% from 2014 to 2015, escalating from 9,019 to 9,910 organisations.