Posts tagged “charitable gifts”

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Millionaires make donations to charity in their Wills

Posted on 6th October 2025
Millionaires can leave items of value like fast cars to charity in their Will.
Generally, the UK’s high net worth individuals (HNWIs) have investable assets of over £1million or annual income of over £300,000. 
 
These are the people we would once have called ‘millionaires’, which certainly excludes most of us. However, it’s estimated there are over 3million in the UK. 
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More people are leaving donations to charity in their Will

Posted on 25th January 2024
More people are leaving donations to charities in their Wills
Donations to charity have increased by over 40% in the last decade according to recent figures from Remember A Charity. 
 
Even with cost of living increases, eight out of 10 said they were likely to leave a charitable legacy. Twice as many people said they were more likely to give than last year. Almost a third of UK donors aged over 40 say they have or intend to include a gift to charity in their Will. 
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Leaving donations to charity

Posted on 8th June 2021
Latest figures show that charitable donations left in Wills increased by more than 60% last year. 
 
More than half of people in the UK don’t have a Will and only three out of 10 people say they have an up-to-date Will. During the pandemic 7% of people made or updated their Will. 

Why leave gifts to charity? 

Many people are leaving tax-free gifts to charities in their Wills to reduce the amount of inheritance tax (IHT) to be paid on their estate when they die. 
 
Gifts to charitable causes are tax-free, and if you donate 10% of your estate to charity, the amount of inheritance tax due will be reduced from 40% to 36%, above the £325,000 tax-free threshold. 
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