Types of legacy

There are three main ways in which you can leave Children 1st a legacy in your will:

After all other bequests, taxes and debts have been paid you leave the remainder of your estate or ‘residue’ to Children 1st.

You specify a fixed sum of money to leave to Children 1st.

You leave a gift of personal possessions such as land, buildings, furniture, jewellery, stocks and shares or antiques.

Did you know - leaving a legacy to us can help you
The current inheritance tax threshold is £325,000 (until 6 April 2019) and the rate of tax is a substantial 40%. So for every £1,000 over the threshold, inheritance tax of £400 is payable to the Government instead of benefitting your loved ones or the charitable causes close to your heart.

However, as legacies left to charities are exempt from this tax, leaving a gift to Children 1st in your will can help you minimise any inheritance tax liability.

Also, from 6 April 2012, if you leave 10% or more of your estate to a charity, you’ll be taxed at a lower rate (36% rather than 40%) on any part of your estate that qualifies for inheritance tax.