Over the centuries, legacies and bequests have played a vital part in Shrewsbury School’s success and that continues today. A gift in your Will, large or small, can establish a bond that will live on in perpetuity. Depending on the size of your gift, recognition can include naming of scholarships, bursaries, rooms, buildings etc.
As Shrewsbury School Foundation is a registered charity, all legacies made to the School are exempt from UK Inheritance and Capital Gains Taxes. Currently, if you were to leave 10% or more of your estate to charity, the tax due may be paid at a reduced rate of 36% instead of 40%. As always you should contact your legal advisor to discuss the specifics of your gift and any associated reductions to your estate tax burden.
If you inform us of your intention to include Shrewsbury School in your Will, you will be invited to join the 1552 Society. As a member you will receive a 1552 Society pin and be invited to specific events.
Types of Legacy
Residuary Legacy - A residuary legacy is a gift of the remainder (or a percentage of the remainder) of your estate after all other bequests, fees and debts have been paid.
Pecuniary Legacy - A pecuniary legacy is a gift of a specific sum of money. It is possible to link the sum to inflation so that it retains its value over the years.
Specific Legacy - A specific legacy is the gift of an asset or assets such as property, shares or other personal valuables.
If you have already made a Will, it is possible to amend it to include a legacy to Shrewsbury School by adding a codicil.