Executors and solicitors
If you are adminstering an estate that includes a gift to Imperial, we can help. This page provides answers to frequently asked questions and information for executors.
Contact details for executors
Please get in touch if you have any questions relating to a gift left to Imperial in a will. Call the Legacy Giving Team on +44 (0)20 7594 6159 or email firstname.lastname@example.org.
Frequently asked questions
Q: Someone I know has left a gift to Imperial in their will, now what?
If you are administering an estate that includes a gift to Imperial, please let us know. You can contact the Legacy Giving Team on +44 (0)20 7594 6159 or email email@example.com.
Alternatively, write to us at Legacy Giving Team, Imperial College London, SALC Mezzanine, Level 5 Sherfield Building, South Kensington Campus, London SW7 2AZ.
Q: Is leaving a legacy gift tax efficient?
Remembering Imperial in your will is a tax-efficient way of supporting the College. Your estate may be subject to inheritance tax and it may be advantageous to distribute your estate so that your family and friends are left gifts below the tax threshold and therefore not subject to inheritance tax. Under current law, if your estate is worth more than £325,000, your beneficiaries will have to pay 40% of the part that is over the threshold to HMRC.
Visit the HMRC website to find out more about inheritance tax rules
Q: Does leaving money to Imperial in my will have tax implications?
If you leave gifts to charity in your Will, the gift value won’t be counted towards inheritance tax. The same goes for gifts left to your spouse. This could reduce what your beneficiaries have to pay, or remove your inheritance tax liability altogether. In April 2012, inheritance tax legislation changed, meaning in some situations, anyone leaving 10% or more of their taxable estate to charity may qualify for a reduced rate of inheritance tax – 36% rather than 40%.
Q. Do you have any recommended wording for including a gift in my Will?
Your solicitor may use the following wording as a guideline for including Imperial in your will: “I give, to the Imperial College of Science, Technology and Medicine of Exhibition Road, South Kensington, London SW7 2AZ, [insert a fixed amount] or [insert specified percentage/allof my residuary estate] to be applied to the [insert general purposes/preferred area] of the said College and I declare that the receipt of the Director of Finance or other duly authorised officer of the College shall be good and sufficient discharge to my Executors.”
Q: Can I add Imperial to my existing Will?
You can do this by adding a codicil to your existing Will. A codicil can be used in the case of minor changes; it is a supplement to your existing Will. It is essential that you speak to your solicitor about introducing a codicil to your Will.
Q: Can Imperial help with writing a will?
We can offer you a free will through the Free Wills Network. We will put you in touch with a solicitor who can help you make or amend a simple will at no cost. For more information, please contact the Legacy Giving Team on +44 (0)20 7594 6159 or email firstname.lastname@example.org.
Q. What is the College's legal name?
The College’s legal name is ‘The Imperial College of Science, Technology and Medicine’. The words ‘Imperial College of Science, Technology and Medicine’, ‘Imperial College London’ and ‘Imperial College’ are registered trade-marks. The College’s preferred brand identity is ‘Imperial College London’.
Q. Does Imperial College London have charitable status?
Imperial College London has charitable status for all UK tax purposes (HMRC number X2361) in accordance with Charities Act 2011. HMRC number X2361 can be used in place of a registered charity number.