Legacy

As we celebrate 500 years of heritage and tradition at the King's School and look to the decades and centuries ahead, leaving a gift in your will is your opportunity to make a lasting contribution to the School for generations to come.

Leave a gift in your will and help safeguard The King's School's future. 

Your support:

• provides life-changing support to talented boys in need of financial assistance 
• enables the creation of state-of-the-art facilities and funding of capital projects 
• helps establish a permanent endowment for future generations
• helps preserve the School’s key buildings and heritage 

Bequests to The King's School are exempt from Inheritance Tax

• As a charity recognised by HMRC, all legacies at the current time to the School are free from Capital Gains Tax and Inheritance Tax. By choosing to make a gift in this way you may reduce the total tax liability of your estate to your family.
• If your estate is worth over £325,000 and, if you leave a minimum of 10% of your estate to charity, the tax due may be paid at a reduced rated of 36% instead of 40% on the balance of your estate.

How to leave a legacy

Let us know your plans, this is not a requirement but does help us with our long term financial planning.
If you have already made your Will but now wish to include The King's School, you can use our sample Codicil form or one that your Solicitor advises.
In all instances, we advise consultation with your legal advisor when drawing up or revising your Will.

Types of Legacy

The pecuniary legacy

This allows you to give a specific sum of money to King's. As the value of a specific sum would decrease over time owing to inflation, it is possible to index-link this so that it maintains its current-day value.

The reversionary legacy

This is a method of providing for your family first and then benefiting King's. It involves leaving your assets to trustees so that the beneficiaries can enjoy the income during their lifetime, with the whole or a portion reverting to King's on their deaths.

The residuary legacy

This involves leaving all or part of the net residue of your Estate to King's, after all pecuniary legacies, debts, fees and other liabilities have been met. This gift has more flexibility than a pecuniary gift in that you do not have to quantify the sum or take into account inflation when you draw up your Will.

The conditional legacy

This provides for the eventuality that if none of your named dependants survive you, your Estate will be left to other named beneficiaries and charities including King's.

The specific or non-money legacy

You can leave a specific personal possession to a charity such as King's. Examples include property, jewellery, antiques, works of art, stocks and shares. If you do, these possessions will be excluded from the valuation of your Estate and will not be liable for Inheritance Tax.