If you leave a gift in your Will to a charity like Tarporley War Memorial Hospital Trust, you can leave this as:

  • a fixed amount of money, known as a ‘pecuniary legacy’
  • an item
  • a share of what’s left of your estate once all costs and other legacies are paid out, known as a ‘residuary legacy’.

Your charitable donation will either:

  • be taken off the value of your estate before Inheritance Tax is calculated
  • reduce your Inheritance Tax rate, if more than 10% of your estate is left to charity

As your will is a legally binding document, and the subject of charitable legacies can be complex, it’s sensible to seek professional help when making a legacy in your will.

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