Find answers to common about gifts in wills.
Gifts in wills are an increasingly popular way of supporting breast cancer research, because they can mean that people who feel strongly about the cause can do a bit more than they might be able to do in their lifetime.
Here you can find answers to some common questions. You can also contact us by calling 0333 20 70 300 or emailing Vicky and Jo at email@example.com.
Frequently asked questions
Yes, there are several ways you can leave a gift in your will.
You can leave:
- A sum of money (a pecuniary gift)
- A percentage of whatever’s left over to Breast Cancer Now, after all your other gifts of money and items have been distributed (a residuary gift)
- An item you wish to leave – this could be anything from jewellery to a house (a specific gift)
Please ask your solicitor to include this information:
Breast Cancer Now
Ibex House 42 - 47 Minories
A charity registered in England and Wales (No. 1160558) and in Scotland (SC045584). Please note – if you included in a gift in your will to either of our former charities, Breast Cancer Campaign or Breakthrough Breast Cancer, your gift will automatically come to Breast Cancer Now. You do not need to update your will with the new charity name.
We are a part of a Free Will Network. Simply email us at firstname.lastname@example.org making sure to include your address, and we’ll organise for a pack to be sent out to you, which includes details of solicitors taking part in the scheme near you. The service is completely free.
Your solicitor will be able to word a gift for you, but you may find the following examples helpful:
A gift of money (a ‘pecuniary’ gift)
You can index link your gift if you wish, to stop it losing value over time.
I give to Breast Cancer Now of Ibex House 42-47 Minories London EC3N 1DY Charity Registration Number 1160558 in England and Wales and SC045584 in Scotland the sum of £….. for its charitable purposes and I direct that the receipt of the Treasurer or other duly authorised officer shall be a sufficient discharge to my Executors.
A gift of whatever’s left over (a ‘residuary’ gift)
I give to Breast Cancer Now of Ibex House 42-47 Minories London EC3N 1DY Charity Registration Number 1160558 in England and Wales and SC045584 in Scotland …….% of my residuary estate for its charitable purposes and I direct that the receipt of the Treasurer or other duly authorised officer shall be a sufficient discharge to my Executors.
Inheritance tax is a tax on your estate if it is worth more than an amount set by the government – currently £325,000.
If you own your home, inheritance tax could well be due on your estate. If you are married, or in a civil partnership, the tax-free sum can be carried over to the surviving partner so that their estate can be worth £650,000 before becoming liable for inheritance tax.
The tax is currently charged at 40% on anything above £325,000. The rate might be reduced to 36% if 10% or more of your estate is left to charity. Inheritance tax is paid out of your estate, not by the beneficiaries in your will.
Gifts to charity in your will are tax free. If you put a gift in your will to Breast Cancer Now, it will be deducted from the value of your estate before the taxman calculates how much inheritance tax, if any, is payable.
To find out more about Inheritance Tax, visit Gov.uk or contact your solicitor.
- £250 could pay for everything needed for 100 experiments to switch off cancer genes in cells, so we can spot which genes drive cancer growth
- £1,000 could sequence the DNA code of a whole cancer genome, to see what genetic changes need to accumulate in order for normal cells to become cancerous
- £10,000 could fund a PhD student for almost six months – training the next generation of breast cancer scientists
- £25,000 could pay for one fluorescent microscope which allows researchers to study breast cancer cells in fine detail, so we can understand how to stop them in their tracks
When it comes to supporting breast cancer research, gifts of all sizes can make a big difference. After taking care of loved ones, some people leave £100, others £1,000, a few leave a house. Many leave a percentage of anything left over after all their other gifts have been distributed. Every gift makes a mark in the lab, where our research happens.
You can read our annual statement to find out how we are spending our supporters’ money.