Giving to Wits

Any legacies left to a UK charity are free from death duties and without limit.  You can give a fixed sum, a residuary bequest (a gift of all or a percentage of your estate after all other payments and bequests have been made) or you can donate a specific item such as an historic document.  If you are considering bequeathing a specific item, please contact us to make sure that Wits University will be a suitable home for it.  If you have already written your Will, writing a Codicil can be a simple way of adding an instruction to your existing Will.  Go to https://www.gov.uk/donating-to-charity/leaving-gifts-to-charity-in-your-will.

UK resident taxpayers may give land, property and shares to a UK charity without paying tax.  Such gifts are free from capital gains tax and the donor will be able to offset the value of the land, property and shares given against his or her other taxable income. Go to https://www.gov.uk/donating-to-charity/donating-land-property-or-shares.

Employees of a company can make regular donations to a UK charity under the ‘Payroll Giving Scheme’.  There are tax advantages to this.  Go to https://www.gov.uk/donating-to-charity/donating-straight-from-your-wages-or-pension.