Not planning on dying for at least a year?

Not planning on dying for at least a year?  (That’s probably most people)

 

I have some good news.  You might have missed this in the budget with much of the focus being elsewhere, but you can reduce your inheritance tax bill now by donating at least 10% to charity.

As  Simon George at fundraising.co.uk puts it:

The proposition is that "if you leave this charity a legacy of 10% of your estate, you will benefit from a 10% reduction in your inheritance tax rate".

Although this sounds better than it really is in financial terms (as 10% of the net estate after deductions will of course be more in cash terms than the reduction in IHT)

So what do you think?  Is this an incentive to you to leave 10% (or more) to a charity in your will?  Or would you leave (or not leave) anything to charity regardless?

Michael Hodgson
Cause4Effect

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