Remembering the College in your Will

Have you thought of leaving a legacy to Goldsmiths?

If you are updating your Will – or making one for the first time – you have the chance to express your support and affection for the College by means of a bequest.
 
If you should choose to remember the College in your Will you would not only be making a generous gift you would also be helping to ensure that the Goldsmiths tradition lives on.

Further information
If you would like to know more, including the different types of legacies, suggested wording and things you might wish to consider, do please get in touch and we can send you our legacy brochure.

Your enquiry will be treated in the strictest confidence and you will be under no obligation towards the College, nor will this commit you to a particular course of action, or limit your freedom to change your Will.  Please write to:

Annette Bullen
Senior Development Manager
Development and Alumni Office
Goldsmiths, University of London
FREEPOST LON15003
New Cross
London
SE14 6NW

Email development (@gold.ac.uk) or call 020 7919 7265.

Charitable status
Goldsmiths, University of London is a charity which means that there are benefits to you in leaving us a legacy. By remembering the College in your Will, you can reduce the taxable value of your assets and so cut the amount of inheritance tax due on your estate.

Goldsmiths, University of London is an exempt charity as listed in Schedule 2 of the Charities Act 1993 and as such has charitable status for all UK tax purposes including Inheritance Tax.  The University preserves its exempt status under the Charities Act 2006.

An exempt charity enjoys all the tax exemptions and other benefits of a charity, but is exempt from certain requirements, notably the need to register with the Charity Commission and therefore we do not have a charity number.

Inheritance Tax
If the total value of your estate is over £325,000 (the current inheritance tax threshold), your beneficiaries will have to pay 40% inheritance tax on the amount over £325,000.

Gifts to charities in your Will are generally exempt from inheritance tax and a charitable gift will be deducted from your estate before inheritance tax liability is calculated.

From April 2012 the rate of inheritance tax will be reduced to 36% for estates leaving a legacy to charity. This means that if you leave 10% or more of your estate to charity, then the government will take 10% off your inheritance tax rate. No beneficiaries will be better off, just the charities.