• A legacy gift to a charity such as Lucy Cavendish College is exempt from tax in the UK.
• If you leave at least 10% of your taxable estate to charity, the Inheritance Tax rate for the rest of your estate decreases from 40% to 36%. In effect you may be able to leave more to charity while reducing the impact on your loved ones’ inheritance.
• If you already plan to give at least 4% of your taxable estate to charity, increasing the gift to 10% means that both the charity and your taxable beneficiaries receive more.
For further information on Inheritance Tax please visit www.gov.uk/inheritance-tax or contact the Lucy Cavendish College Development Office team.