Legacies

Giving to St Columba’s

Legacies

You may wish to leave a gift to the church in your will. This has Inheritance Tax (IHT) benefits - not only is your gift exempt, but, since April 2012, if you give >10% of your estate to one or more charitable causes, the inheritance tax rate is reduced by 10% (from 40% to 36%) on the remaining estate.

How it works

The example below shows how this tax concession works in practice using a hypothetical gross estate of £1million.

We are using an estate of £1 million to keep the sums simple. Whilst £1million sounds like an awful lot of money, with the value of property nowadays, many of us may be more asset rich than we imagine!

The net result of a 10% donation means the estate’s beneficiary foregoes £16,200 but the charity benefits by £67,500.

The benefit to charitable cause(s) is four times greater than the cost to an estate’s beneficiary

	No donation	With a 10% Legacy Donation
Gross Estate	£1,000,000	£1,000,000
Less Nil Rate Band	£325,000	£325,000
Net estate on which the donation is calculated	£675,000	£675,000
Charitable Donation	-	£67,500 (at 10%)
Taxable Estate	£675,000	£607,500
Less inheritance tax	£270,000 (at 40%)	£218,700 (at 36%)
Remaining Estate	£730,000	£713,800 (only £16,200 less than the “no donation” scenario)

Useful links

https://www.gov.uk/topic/personal-tax/inheritance-tax

Opening Hours

The office is open from
9.00 a.m. to 5.00 p.m,
Monday to Friday.

There is a 24-hour answering machine service.

Connect with us

Find us

St Columba’s is located on Pont Street in Knightsbridge in the Royal Borough of Kensington and Chelsea. The Church is within easy reach of three London Underground stations – Knightsbridge (Piccadilly Line), South Kensington (Piccadilly, Circle and District Lines) and Sloane Square (Circle and District Lines).

	St. Columba's Pont Street London SW1X 0BD
	+44 (0)20-7584-2321
	office@stcolumbas.org.uk

Getting here by tube

Knightsbridge Station

Take the Harrods exit if open (front car if coming from the East, rear car if coming from the West). Come up the stairs to street level, carry on keeping Harrods on your right. Turn right into Basil Street. Carry straight on into Walton Place with St Saviour’s Church on your left. At the traffic lights, St Columba’s is to your left across the street. If the Harrods exit is closed, take the Sloane Street exit, turn right into Basil Street. Carry straight on past Harrods with the shop on your right, into Walton Place as before.

South Kensington Station

Come up the stairs out of the station and turn left into the shopping arcade. Turn left again into Pelham Street. At the traffic lights at the end of Pelham Street cross Brompton Road, turn left then immediately right into the narrow street of Draycott Avenue. After just a few yards turn left into Walton Street. Carry on walking up Walton Street until the traffic lights at the corner of Pont Street. Turn right and after a few steps you will be at St Columba’s!

Sloane Square Station

Cross over the square into Sloane Street. Walk along Sloane Street until the traffic lights at the corner of Pont Street. Turn left into Pont Street. St Columba’s will then be in sight.