After providing for your family and friends you may wish to leave a charitable gift in your will. Regardless of the size, legacy gifts are vital in helping charities be able to continue their work. Many people like to think that they would leave a gift in their will, but only 7% actually do! Below is something to think about.

The tax benefits of leaving a legacy

by Dawn Moir, Head of Wills, Trusts & Probate, Goughs Solicitors

Everyone has to pay Inheritance Tax on their assets over a certain amount when they die but it’s good to be aware that there are several exemptions that could help cut your Inheritance Tax bill or even reduce it in full.

This article aims to provide you with information on the basic tax rules around Inheritance Tax planning, helping you to understand the current rules and types of gifts you can leave either without incurring any costs or reducing them.

Lifetime Gifts

When a person dies their estate is valued for Inheritance Tax. There is a threshold above which the estate will then pay Inheritance Tax which is known as the Nil Rate Band. The Nil Rate Band currently stands at £325,000 meaning that if on your death, your estate is less than £325,000, you will not pay Inheritance Tax on your estate. This begs the question “why not simply give everything away so that your estate is below the tax threshold”?

There are some gifts you can make during your lifetime which will not be taxable and can reduce your estate and so be a useful tax planning tool. However other gifts may well be caught under rules which aim to stop people giving away everything shortly before they die and so avoid Inheritance Tax.

Below is a list of lifetime gifts which are exempt under the current tax rules. This means that you won’t be charged Inheritance Tax on any gifts which fall within these.

Gifts between a husband and wife or civil partners (UK residents) – No limit

Gifts to charity (UK) – No limit ) You can also cut the percentage the taxman takes in Inheritance Tax if you leave at least 10% of your estate to a charity in your will.

Annual exemption each tax year per donor – £3,000

Small gifts to any number of persons – £250

Wedding gifts by parents – £5,000

remote ancestor – £2,500

party to marriage – £2,500

others – £1,000

Gifts which are normal expenditure out of income – No limit



NCVO, the Institute of Fundraising, Charities Aid Foundation and the Charity Retail Association have worked in collaboration to look at how charities have been fundraising around the coin so far and think about how you can maximise donations of the round pound in the coming months.


The new, 12-sided pound coin was launched on the 28 March and has provided fundraisers with an opportunity to cash in on the old coin.  With the old, round pound ceasing to be legal tender on the 15 October 2017, there is potential for charities to benefit from the public’s increasing awareness of the old pound being removed from circulation.

1. Out with the old, in with the new

With more new pound coins coming into circulation every day, charities have been encouraging supporters to donate an old pound coin for every new one they receive – using #PoundforPound to raise awareness on Twitter.  Other organisations have been stirring people into action by reminding them that they should donate their old coins before they are removed from circulation in October.

2. Put a value on your pound

Charities have been inspiring supporters by telling them exactly what they’ll do with their pound.  How many pounds do you need to reach a certain target?  How many coins would it take to provide a specific service or support a beneficiary? Macmillan Cancer tweeted that 28-pound coins will fund a Macmillan nurse for an hour, and Emmaus UK explained that ‘for every £1 spent with Emmaus, £11 is generated in social benefits.’

3. Prizes for pounds

Raffles and prize draws have been one of the more creative ways charities have been fundraising around the new pound.  Think about whether your organisation could sell raffle tickets for a round pound and supporters could win prizes or even more new pounds.  Blesma have been running a prize draw using the line ‘trade your old pounds in for a chance to win a thousand new ones,’ and Sight Support Derbyshire have been running a £1 lottery.

4. Partner with a pound shop

Macmillan Cancer has partnered up with Poundland and is urging supporters to donate their pounds in collection boxes across UK stores.  There are a huge number of shops on the high-street which focus on selling items for £1 or have ‘pound’ in their name; how could your charity take advantage of this on a local or national level?

5. Round pound pictures and piles: Get kids involved

Fundraising around the new pound coin presents a brilliant opportunity to get schools, libraries or kids’ clubs involved in campaigns.  If your charity works with children, this is a good chance to inspire people to donate their old pounds by planning something creative.  See who can make the tallest pound pile and longest pound line or get kids involved by making pictures out of their old pounds.  There could be potential to maximise fundraising over the summer holidays!

6. Classic collection boxes

Collection boxes are one of the most versatile fundraising tools.  During the pound for pound campaign, we’ve seen charities offering supporters collection boxes or envelopes to fill with old pounds.  Distributing collection boxes to local businesses and encouraging supporters on Twitter to donate their old pounds in specific locations is another popular idea.  Think about whether you could adapt your collection boxes to reflect the campaign.

7. Charity shops

If your charity has shops, publicise the fact that supporters can spend or donate their old pound coins in store.

8. Piggy banks

It’s estimated that there is around £1.3bn stored up in piggy banks and jars across the UK and over a third of this is likely to be made up of round pounds.  Consider how you could incorporate the idea of hidden pounds into your campaigning strategy or think of an interesting way for supporters to donate from piggy banks.

9. Make your pounds go further with Gift Aid

If you’re planning some cash fundraising around the new coin, make sure you check if your charity is eligible for the Gift Aid Small Donations Scheme.  The scheme enables charities to claim a Gift Aid style top-up of 25% on cash donations such as bucket collections, without the need for written declarations from donors (however, it’s worth noting that you can’t claim on all activities, such as raffles).  Although you need to have claimed some normal Gift Aid on other donations, there are new rules which make it easier for charities to sign up.  Charities have been promoting this message when fundraising around the new pound; Rythmix Music have been using an updated version of the popular Gift Aid image depicting the extra value of the pound when donated using Gift Aid.

10. Tweet about it

We’ve been encouraging charities and individuals to get behind the hashtag #PoundforPound to promote their fundraising around the new coin.  As the public becomes increasingly aware that the old coin will be removed from circulation in October, there are likely to be further opportunities for charities looking for donations in the coming months – we will be endorsing different hashtags in the run up to the deadline. Make sure you take a look at the Royal Mint’s Repatriation Round Pound Stakeholder Toolkit which includes downloadable resources, imagery and the donation bucket gif for charities to use on social media.

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The Lowest Cost and Easiest Fundraising Methods

By: Garry Crystal

Provided by: http://www.ideasfundraising.co.uk

Fundraising activities can be costly in terms of time and money. But there are easy, low cost fundraising methods that require little effort or cash outlay to get a fundraising ball rolling.

Tools Required When Starting a Fundraiser

Starting a fundraiser from scratch shouldn’t be a daunting prospect even for beginners. In fact, the main requirements from fundraisers are enthusiasm, commitment and imagination. The internet, although not essential, is one of the best tools available in order to reach an audience and receive donations. Beginner fundraisers do not even need to own a computer and can obtain free internet access and computers at local libraries. The fundraising activity and advertising using the internet are two of the main parts of a fundraiser, and these can cost nothing to implement.

Using Internet Based Fundraising Tools

Almost all of the fundraising tools that are available via the internet are free to use. Social networking sites are an invaluable tool for publicising a fundraising event and can attract a huge donator audience. Fundraising for a particular charity or good cause will mean that help is available with fundraising tools such as donation facilities via email and text. Individuals and groups can set up their fundraising pages for free with major companies such as Virgin Money Giving and British Telecom. Companies such as Virgin and BT do provide step by step fundraising help via their websites.

Direct Donations for Fundraisers

Standing with a fundraising collecting tin asking for donations is one of the most popular fundraising methods. For some this may not seem like an easy method, especially during the winter months but it is a low cost way of attracting donators and obtaining public interest. There are rules however that go along with this type of fundraising. A license from local authorities will usually be required. If fundraisers are collecting near places such as supermarkets and shops then permission from store managers will be required.

Choosing a Low or No Cost Fundraising Activity

The most popular low cost fundraisers are usually sponsored sports activities. Sponsored sports activities can be held throughout the year in the UK; indoor sporting events are an option during the winter months. Sponsored sports events that involve the local community are a good idea as they bring donators together with the focus on health related activities. Other low and no cost fundraising activities can include:

  • Quiz nights held in local venues such as pubs and church halls
  • Donations of goods that can be sold or raffled with proceeds going to charity
  • Race nights held in pubs and local clubs
  • Music events with local bands playing one off gigs with proceeds going to charity
  • Local dance clubs such as line-dancing holding monthly events with proceeds going to different charitable causes
  • Bingo nights, dinner dances and coffee mornings held at local venues
  • Sponsored sports such as cycling, swimming, running, walking and jogging are extremely popular
  • Getting local businesses to provide donations in return for sponsorship name checks on fundraising websites and social networking sites

Keeping Fundraising Costs to a Minimum

Keeping fundraising costs to a minimum basically means looking at ways for donators to help out. One way is to ask local business owners or managers for financial sponsorship or goods/services that will be of help to fundraisers. Getting local and even national businesses involved will give a fundraiser more credibility and will usually bring additional publicity. Another plus point of sponsorship through businesses is that the business employees may decide to become involved. The more people who are involved the quicker and wider the word will spread on the fundraising event especially using social networking such as Facebook and Twitter.

Additional Costs for Fundraising Activities

One issue fundraisers should be aware of is the additional costs that may come with the fundraising events. Sponsored sports are a low cost activity but there may be additional costs such as insurance to consider. Sports activities do come with a risk for those involved and having public liability insurance is a good idea. Fundraisers who are giving to major charities can contact the charities to see if help is available. In many cases this insurance will be covered for fundraisers who are giving their proceeds to major charities.

Low cost fundraising means that more of the donations can go towards the good cause instead of towards the fundraising process. Major charities spend a large amount of their donations on running costs instead of the charitable cause. But with low cost, easy fundraising events and using the internet as a fundraising tool it is possible to keep costs to a minimum. Keeping it simple will be beneficial when it comes to fundraising for a good cause.