Trumpington Street

Helping Peterhouse Through Your Will

The making of a Will is an important responsibility, especially where you have a family or others who depend upon you. The interests and wellbeing of relatives and close friends will naturally come first when you are making your Will. But we hope that, when you have provided for those closest to you, you will want also to remember your College, alongside other causes which mean much to you.

If you give 10% of the net value of your estate to charity the inheritance tax is reduced from 40% to 36%. (https://www.gov.uk/donating-to-charity/leaving-gifts-to-charity-in-your-will) The net value of an estate, also known as the baseline for inheritance tax, is the value of the estate after the nil-rate band (currently £325,000) and any other exemptions and reliefs have been deducted, but before the gift to charity has been made. The rate of inheritance tax will be reduced from 40% to 36% and the amount of your estate that is subject to inheritance tax will also be reduced (gifts to charity are not subject to inheritance tax). This in effect reduces the cost to the estate of the 10% gift to 4% with HMRC paying the difference. There is a worked example here: https://www.michelmores.com/news-views/news/inheritance-tax-relief-gifts-charities

We obviously hope that it will be many years before we receive your legacy and bequests to the General Fund enable the College to allocate your gift to the most pressing Campaign priorities at that time.  We always try to allocate funds according to the likely interests of the donor – for example, if you read mathematics or engineering then we would use your bequest to support current students in those subjects in preference to anything else. However, if there is an area that is of particular interest to you then it is helpful if could let us know so that we can honour your wishes.

If you are planning to remember the College in your Will, Saskia Murk Jansen will be happy to discuss any detailed provisions with you to ensure that the College is fully aware of your intentions and will be in a position to fulfill them when the time comes.  She will also be pleased to add your name to the list of members of the William Stone Society so that you and your spouse or partner can be invited to events.

The following links will provide the information you need to help you make your decision.