*Under the current Inheritance Tax rules, your beneficiaries will not have to pay any Inheritance Tax if your net estate is less than £325,000. Anything over £325,000 is liable to 40% Inheritance Tax. Gifts to charities are exempt from Inheritance Tax, so if you do leave a charitable gift it will be deducted from your estate before any tax liability is calculated.
If you leave a gift of 10% or more of the net value of your estate to a qualifying charity, the rate of Inheritance Tax is reduced from 40% to 36%. For more information please speak to your solicitor.
*Tax information is factually correct as at December 2016