Types of gift

There are several different types of gift that you can leave in your will.

Your solicitor will advise you on the most appropriate type and the wording of your will. We can provide you with example wording to review with your solicitor.

These are the most common types of gift that you can leave in your will:

Gift typeDescription
Residuary legacy A percentage of your remaining estate, after all fees, outstanding costs and other gifts have been taken care of. The advantage of a residuary legacy gift is that it keeps up with inflation as it is not a fixed sum.
Pecuniary legacy A fixed sum of money. The value of pecuniary legacies will decrease over time, as the cost of living increases. You can link your legacy to the Retail Price Index to ensure that the gift you choose today is worth the same in the future.
Conditional legacy This provides for the possibility that if one of your named beneficiaries does not survive you, that part of your estate will be left to the University.
Pension benefits Nominating the University as a beneficiary in your pension or SIPP (Self Invested Personal Pension).
Other types of gift A tax-free gift of land, buildings, personal property (such as antiques or jewellery), shares or securities.