The Remember a Charity consortium has published research suggesting that 68 per cent of UK adults want to leave their mark on the world by including a donation to charity in their wills.
The consortium, which includes more than 140 charities, commissioned its study through a market research agency to find out if people could be motivated to leave donations by the concept of 'leaving their mark'.
"The results are hugely encouraging," said Jonathan Parris, director of Remember a Charity. "Charitable legacies are the largest single source of voluntary income for UK charities."
The UK's biggest mortgage lender announced that the number of people subject to inheritance tax is set to triple by 2020, and predicts that 3.1 million more homeowners will be liable to legacy penalties within the next 15 years.
Because donations to charity fall outside the donor's estate for inheritance tax purposes, such donations can reduce inheritance tax and make more money available for other beneficiaries.
[thirdsector.co.uk]
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