Charitable will donations are exempt from inheritance tax and a good way of reducing the amount of tax paid on an estate
The Remember A Charity campaign was launched in October 2002 to raise awareness of legacy-giving as another way of donating money to charity, and to ensure that people understand how such donations can be made. Charitable will donations are currently the single biggest source of voluntary income for charities in the UK, worth £1.1bn a year. They generate over 40% of funds for the top 10 charities alone. Much of the campaign's success will depend on its ability to continue involving legal and financial professionals who advise on the will making process, as well as their governing bodies...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes