What about Inheritance Tax?
Any gift, large or small, will help us continue to improve the lives of people with osteoporosis and to work towards our vision of a future without fragility fractures.
However, a gift to the National Osteoporosis Society is also free of Inheritance Tax. Therefore, it could also help to reduce the amount of Inheritance Tax payable on your estate.
Inheritance Tax is currently set at 40% of everything above £325,000 (2009/11) and when added together you may be surprised how much your estate is worth. Your estate includes your savings accounts, house, stocks and shares, pensions, insurance policies etc.
Changes to Inheritance Tax 2012
From 6 April 2012, anyone leaving at least 10% of their net taxable estate to charity will qualify for a reduced rate of inheritance tax of 36% rather than 40%
Find out more about inheritance tax and charitable giving by speaking to your solicitor, or visit either the HMRC website or the Legacy10 website by clicking on the icon below.