How do I include a gift in a new Will?

We recommend you consult a legal professional about creating a Will, to ensure the document is legally binding, and your wishes are carried out exactly as you want.

First, you need to decide what type of gift (residuary or pecuniary) you wish to leave. Suggested wording is below:

Anything from 1% to 100% of your estate - Residuary Gift

(i) I give _____ share of my real and personal property not hereby or by any codicil hereto specifically disposed of after payment of my debts, pecuniary and specific legacies, funeral and administration expenses and any taxes in respect of my estate to the British Tinnitus Association (registered charity number 1011145) of Ground Floor – Unit 5, Acorn Business Park, Woodseats Close, Sheffield S8 0TB.

(ii) I direct that the receipt of the duly authorised office of The British Tinnitus Association shall be a sufficient discharge for my Executor/Trustees.

Cash sum - Pecuniary Legacy

(i) I give the sum of £ _____ (pounds) free of tax to the British Tinnitus Association (registered charity number 1011145) of Ground Floor – Unit 5, Acorn Business Park, Woodseats Close, Sheffield S8 0TB.

(ii) I direct that the receipt of the duly authorised office of The British Tinnitus Association shall be a sufficient discharge for my Executor/Trustees.

How do I include a gift in an existing Will?

It is important to review an existing Will regularly to ensure it continues to reflect your circumstances and wishes. We recommend you consult a legal professional to update your Will. If the only amend you wish to make is the addition of a gift to the BTA, you can use a codicil form  which your solicitor will be able to help you complete.

Codicil Form

If you want to make more complex changes to your Will, your solicitor may advise you to make a new Will.

How will you use my gift?

If you choose to leave a gift to the BTA, you can specify how you want it to be spent, or allow us to decide where we feel the greatest need is. Some people choose to leave the money to research, or to our helpline, but many donors are happy for us to decide. The choice is yours, and we will always respect and fulfil your wishes. You should advise your solicitor if you want your gift to go to a specific area of our work

If you want more information on our work, please have a look at our latest Annual Review.

Annual_Review_2017_Downloadable.pdf

What are the tax implications of leaving a gift to charity in my Will?

Inheritance tax is paid on an estate over a threshold (currently £325,000) when someone dies. If your estate is worth less than the threshold, or you are leaving the entire estate to your spouse or civil partner, there is no inheritance tax to pay.

However, if you are leaving gifts to other relatives or friends, and your estate is over the threshold, tax of 40% may be payable on the amount over the threshold. Gifts to charity are exempt from inheritance tax, and are deducted from the estate before inheritance tax is calculated, so leaving a gift to charity could reduce the amount of tax paid on your estate. Inheritance tax is reduced if you leave more than 10% of your estate to charity.

For more information, please contact HM Revenue and Customs, or ask your solicitor.

What type of gift could I leave in my Will?

You can choose to leave the following types of gifts in your Will:

  • Anything from 1% to 100% of your estate - known as a residuary gift
  • Cash - a fixed sum of money known as a pecuniary gift
  • Specific - to leave an item in your Will

My question isn't here

If you have any other questions, please contact us on 0114 250 9933 or [email protected] and we will be delighted to help. The decision to leave a gift in your Will to the BTA is entirely yours and we will never pressure you into a decision.