Next Steps

Leaving a gift in your will to NIF is simple: 

  • You can use our free will writing service, or use your lawyer (all you need is NIF UK’s Charity number (1060081) and registered address (Star House, 104 Grafton Rd, Kentish Town, London, NW5 4BA). 
  • You can take care of loved ones and make a transformative impact through NIF at the same time. Explore, here, different types of gifts,  which allow you to do both. 
  • Tax benefits – by leaving a gift in your will to NIF, you can reduce the inheritance tax owed by your loved ones, benefiting both your family and NIF’s work – changes to tax laws mean that if you leave 10% of your estate (after your tax-free allowances) to NIF, you can cut the Inheritance Tax rate on the rest of your estate from 40% to 36%. That’s a 4% reduction in the inheritance tax for your family and a huge impact on our work at NIF. For example, if your estate (after allowances) is worth £250,000, you would be faced with an IHT bill of £100,000. This would leave your family with £150,000. If you gave away 10% to charity – £25,000 – the IHT charge on the remaining estate, now £225,000, would be reduced to £81,000, meaning your family would still inherit £144,000. Your very generous donation of £25,000 to NIF will therefore only cost you, £6,000. 
  • Remember: no gift is too small to make a big difference in the future.  

For more information about legacies and NIF’s free will writing opportunity, please email Liron: liron@uknif.org or call 0207 724 2266.

 

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