Once you decide upon an area of the College in which you would like to invest, you will want to think about how you would like to make your gift.
A specific sum of money – Determine the precise amount of your gift
A percentage of your estate – Allocate anywhere from 1 to 100 per cent of your estate
A reversionary gift – In this case, your spouse or other named person(s) would hold the gift for their lifetime, after which it would revert to the College. You may appreciate the feeling of security that this brings in ensuring that the needs of your loved ones are met.
A life insurance policy – You can choose to name the College as the beneficiary of all or a portion of your life insurance policy.
A death in service scheme – If your employer offers this service, you can name the College as the beneficiary.
If you would like to leave a gift to the College in your Will, please use the suggested wording:
I give free of tax to Royal Holloway and Bedford New College, tax exempt reference number XN69536, the sum of £[words and figures] to be used for [general purposes], and I declare that the receipt of their Treasurer or other proper officer shall be a full and sufficient discharge.
I’ve already made my Will. How do I change it to leave a gift to Royal Holloway?
You can amend your existing Will by completing a Codicil, a legal document that serves as a supplement to your Will.
Sharing your intentions
By making us aware of your plans to leave a gift in your Will, we can work with you to ensure that we understand your intentions and that your gift will have the greatest possible impact on the area(s) that you wish to support. To let us know of your intentions, please download, complete, and post this form to:
The Development Department
Royal Holloway and Bedford New College
Surrey TW20 9EX
Why make a Will?
It’s the only way to ensure that your estate will benefit the people you love and the causes you support in the way that you intended.
Are there any tax benefits?
Leaving a gift in your Will to the College can lessen the amount of inheritance tax imposed on your estate. Read more about tax benefits and use use their calculator on the UK's government website to find out how much your beneficiaries could save.
Do I need a solicitor?
We recommend that you seek advice from a solicitor when making or changing your Will. If you need help finding a solicitor in your area, you can contact The Law Society on 020 7242 1222 or visit www.lawsociety.org.uk.
Please do not hesitate to contact Michelle Clarabut or Laura Bassani-Merron or at 01784 276538 with any further questions.