• Legacy income received by consortium members in the latest year to September 2024 was £1.87bn, which is up 2% compared to the same time last year.
• Income growth has been driven primarily by bequest numbers, which have grown 10% since this time last year. As in the previous quarter, this is the highest number of bequests ever recorded in a year!
• The growth in bequests is due to continuing improvements in the probate process at HM Courts and Tribunals Service. Our data suggests that the backlog of probate cases has declined further this quarter implying that investment in additional resource is starting to pay off.
• Average residual gift values are up a little compared to the previous quarter but are still lower than this time last year.
• In 2024, the market is forecast to remain similar to 2023 in terms of income. Growth is expected to be limited over the next couple of years, before a return to growth from 2026/27.

Thank you to our member charities for agreeing to share top-line legacy performance data with the sector, allowing information and insight to be shared more widely. The next quarterly data will become available in February 2025.