Leave a gift in your will
Throughout our history, gifts in wills (often referred to as legacies or bequests) have played a crucial role in enabling CACT to continue with our vital work helping disadvantaged communities in South-East London and Kent.
Find further information on inheritance tax guidelines, types of legacies, and suggested wording below.
Tell us about your gift
If you decide to make a legacy to CACT, or you have already remembered us in your Will, we would be very grateful if you would indicate your intentions by emailing us at email@example.com, phoning us on 0208 8502866, or writing to us at Charlton Athletic Community Trust, Charlton Athletic Training Ground, Sparrows Lane, New Eltham, London, SE9 2JR.
Restricted Endowments: please contact us if you have a specific purpose in mind for your gift to ensure that its use meets your wishes whilst supporting the aims of CACT.
Make a Will Online
We work with Make a Will Online to offer our supporters a free Will writing service. The Wills are checked by solicitors, and you can also call their helpline with questions. Make a Will Online help us by telling us when a Will has been made using this free service, the amount of any gifts and when the Will was made. We would love to thank you for your support and keep you updated with our work so please do consider allowing Make a Will Online to share your name and contact details with us.
Types of legacies
When considering a legacy gift in the UK, there are four main types of bequests, some of which may be more appropriate to your financial or personal circumstances.
Residuary: This is a gift of a percentage, or the whole, of an estate following the distribution of specific gifts and payment of any debts and expenses.
Pecuniary: This is a financial gift of money or shares.
Specific: This is a gift of an item, such as books or portraits. When considering a specific bequest, it is advisable to speak to CACT to make sure that CACT will be a suitable home for the object.
Reversionary: This is a gift of an asset, such as a house or fund, which can be enjoyed by a chosen beneficiary during his or her lifetime before reverting to CACT.
Because CACT is a registered charity, bequests (be they residuary, pecuniary or specific) will not be subject to inheritance tax in the UK. By remembering CACT in your Will you may also be able to reduce the taxable value of your assets.
Inheritance tax is a tax on the estate (property, money, possessions) of someone who has died.
There is normally no inheritance tax to pay if either:
The value of your estate is below the £325,000 threshold (if you are single) or £650,000 (if you are a married couple or civil partners)
You leave everything above this threshold to an exempt beneficiary such as a charity
Inheritance Tax is currently charged at 40% and is only charged on the part of your estate above the £325,000 threshold.
The estate can pay a reduced rate of inheritance tax (36%) on some assets if you leave 10% or more of the net value of your estate to a charity in your Will.
We recommend that you draft your Will in consultation with a qualified solicitor if not using our free Will service. The following wording is only a guide.
Because CACT is a registered charity, bequests – be they residuary, pecuniary or specific – will not be subject to inheritance tax in the UK.
For Residuary Legacies:
I GIVE ……………% of my Residuary Estate to CHARLTON ATHLETIC COMMUNITY TRUST (working name of the South of England Foundation) of CAFC Training Ground, Sparrows Lane, New Eltham, London, SE9 2JR (Registered Charity Number 1096222) absolutely and I express the wish but without imposing any binding trust or obligation that this be used in / applied towards...
For Pecuniary or Specific Legacies:
I GIVE a pecuniary / specific legacy free of all tax of £X to CHARLTON ATHLETIC COMMUNITY TRUST (working name of the South of England Foundation) of CAFC Training Ground, Sparrows Lane, New Eltham, London, SE9 2JR (Registered Charity Number 1096222) and I express the wish but without imposing any binding trust or obligation that this legacy be used in / applied towards…
Reversionary legacies should be drafted in consultation with a solicitor.