Types of gift
We use gifts, large and small, to help clergy households in need. There are three ways to leave a gift to Clergy Support Trust:
A share or percentage of your estate ('a residue')
This is given from what is left after other specific gifts, such as to your loved ones, have been made.
A specific sum of money (a 'pecuniary legacy')
You can ask your solicitor to review this sum from time to time, to ensure it is not affected by inflation, and that it continues to reflect your generosity.
A particular item
This might be a property, shares, jewellery or a work of art.
Tax Exemption
Any share of your estate left to the Trust is fully exempt from Inheritance Tax, Capital Gains Tax and Stamp Duty in the UK.
If you leave a share of your estate to charity and the remainder of your estate is subject to inheritance tax, the taxable part will qualify for a reduced rate of inheritance tax.
Lifetime Gifts
It may be that you prefer to make a charitable gift during your lifetime, so you can see the difference made by your donation.
We are very happy to discuss gifts made in this way, and ways in which your gift may be used. There are a number of tax-efficient ways of enhancing such a donation, like Gift Aid.