5. Leaving gifts to charity in your will
Your will says what will happen to your money, property and possessions after you die.
Your donation will either:
- be taken off the value of your estate before Inheritance Tax is calculated
- reduce your Inheritance Tax rate, if more than 10% of your estate is left to charity
You can donate:
- a fixed amount
- an item
- what’s left after other gifts have been given out
Writing your will
Find out how to write or update your will, including how to make sure it’s legal.