Many describe their time at Buckingham like becoming part of a family. Friendships and bonds made at Buckingham last for a lifetime and with a legacy gift, the impact can be felt for many generations to come.
Today a growing number choose to recognise the sense of close community by including a gift to Buckingham in their will. Even a small percentage of your estate could make a big difference to the University, whilst safeguarding both your intentions and the interests of your loved ones.
Legacies and bequests have played a vital part in the formation and history of the University of Buckingham. Legacy giving is easy, flexible and tax efficient. It doesn’t cost a penny during your lifetime.
Types of legacy
There are many choices of legacy:
- A percentage of your estate after other debts have been cleared (a residuary legacy)
- A specified sum of money (a pecuniary legacy)
- An item of value, such as a painting, artefact, manuscript etc (a specific legacy)
- You may wish to provide for your family or a loved one first and then for any remaining gift to be passed to the University of Buckingham after their death (a reversionary legacy)
Gifts to charities, such as the University of Buckingham, are exempt from Inheritance Tax (IHT).
If your gift is for more than 10% of your estate, then Inheritance Tax is reduced from 40% to 36%.
Whichever way you preferred means of giving, you can rest assured that your gift will be in good hands.
Talk to us
We are ready to discuss your interests with you, a loved one or an adviser. We can do this in whichever way you prefer and understand that making such plans is personal and intimate. A member of the team will be able to explore the options with you. To speak informally or arrange an appointment to see us, contact one of the team on:
Tel: +44 (0)1280 814080
We recommend that you seek legal advice at the earliest stage of writing a will.
Suggested Wording in your Will
Please use this wording to ensure your gift is valid:
To leave a residuary gift, we suggest:
‘I give ______% of my residuary estate to the University of Buckingham, Hunter Street, Buckingham, MK18 1EG, United Kingdom to be applied for its general purposes and I declare that the receipt of the Vice-Chancellor or other proper officer of the University of Buckingham shall be a complete discharge to my trustees’
To leave a pecuniary gift (cash sum), we suggest:
‘I give £____to the University of Buckingham, Registered Charity No:1141691, Hunter Street, Buckingham, MK18 1EG, United Kingdom
to be applied for its general purposes and I declare that the receipt of the Vice-Chancellor or other proper officer of the University of Buckingham shall be a complete discharge to my trustees’