Gifts to UK registered charities are exempt from UK Inheritance Tax.
The following are some suggested clauses you may wish to include in your will. These clauses are for guidance only and are not meant to constitute legal or professional advice of any kind. It is important that you consult a qualified legal professional person if you are considering including any of the following in your will.
Residuary Legacy.
“I give xx% of the residue of my real and personal estate which I am able to dispose of by will in any manner I feel proper to The Ralph Bates Pancreatic Cancer Research Fund (registered charity number 1007819) of St George’s Hospital Medical School, Jenner Wing, Cranmer Terrace, London, SW17 0RE and the receipt of such given by the Secretary or a Trustee of The Ralph Bates PCRF shall be a complete discharge to my Executors.
If at my death any charity named as a beneficiary in this Will or any Codicil to this Will has changed its name or amalgamated with or transferred its assets to another organisation then my executors shall give effect to any gift made to such charity as if it had been made, in the first instance, to the organisation in its new name or, in the second instance, to the organisation which results from such amalgamation or to which such transfer has been made”.
Pecuniary Legacy.
“I give the sum of £xxx to The Ralph Bates Pancreatic Cancer Research Fund (registered charity number 1007819) of St George’s Hospital Medical School, Jenner Wing, Cranmer Terrace, London, SW17 0RE and the receipt of such given by the Secretary or a Trustee of The Ralph Bates PCRF shall be a complete discharge to my Executors.
If at my death any charity named as a beneficiary in this Will or any Codicil to this Will has changed its name or amalgamated with or transferred its assets to another organisation then my executors shall give effect to any gift made to such charity as if it had been made, in the first instance, to the organisation in its new name or, in the second instance, to the organisation which results from such amalgamation or to which such transfer has been made”.