Help preserve history
Legacies, large or small, are vital to the future, enabling us to act where the need is greatest.
Without them, many aspects of the Cathedral’s daily life, from major restoration works to development projects which enhance people’s enjoyment of the Cathedral, would not be possible.
Sound financial planning
Leaving a charitable gift in your Will is an astute means of tax planning for you and your family.
Inheritance Tax (IHT) is currently at 40%. If your estate is over a certain threshold, £0.40 of every £1 could potentially be ‘lost’ in tax. However a legacy to a charity is automatically free of IHT. This could take the form of money, shares, a work of art, land or simply what remains when all gifts have been made.
If you leave 10% or more of your net estate, then IHT overall is reduced to 36%. This means family will pay a substantially smaller tax liability.