Leaving a gift in your will
Over recent years Steps2Recovery has been extremely grateful to a number of supporters who have made provision for the charity in their wills. Their foresight and generosity has had a significant impact on our ability to operate effectively as an organisation that raises all of its own funds with out recourse to statutory or government support
Why leave a gift in your will?
Any legacy gift – large or small – makes a real and tangible difference to the future of Steps2Recovery.
Recent times have shown us how important our services are for the recovery of addicts and alcoholics trapped in the cycle of addiction, homelessness, prison and short prison sentences. A legacy gift will help us to remove people from this revolving door. They benefit as individuals, their communities become safer places and friends and families are reunited – everyone benefits.
If your estate is worth more than £325,000, inheritance tax is usually charged at 40% above this threshold. This may vary depending on the situation, so please check with your solicitor.
Giving a gift in your will to Steps2Recovery could have two potential tax benefits:
- Charitable gifts are exempt from inheritance tax, so including a charitable gift in your estate would reduce the amount of tax due from the estate.
- There is a tax reduction for those leaving 10% or more of their estate to charity. This reduced rate is 36%, as opposed to 40%.
How to leave a gift in your will
If you are creating your will, find a solicitor near you who can talk you through the steps.
If you would like to change your will, contact your solicitor to ensure that the changes you make are legally-binding.
Here is the essential information you will need to give your solicitor:
Address: 108 Albion Road, London N16 9PD
Charity Number: 1138353
Our thanks to you
Giving a gift in your will is a meaningful gesture that makes a lasting difference.
You are certainly under no obligation to tell us if you have left us a gift in your will, but, if you have we’d love to know and be able to thank you.
Should you need any further information please email firstname.lastname@example.org