Legacy: “What someone is remembered for or what they have left behind that is remembered, revered or has impacted current events and the present day” – Wikipedia
For every single person who has ever attended the Moorland School either as a pupil or visitor we feel sure their lives will have been touched by the rich heritage that is quite literally part of the fabric of Moorland School.
We realise the huge impact the School has had on the lives of so many and because we are responsible for the football training of past, present and future performers, Moorland School plays a valuable role in contributing to the national cultural landscape.
Remembering Moorland School in a Will offers an opportunity to support the School in a very generous way and to show lasting appreciation for the work that the School has done.
By leaving a legacy to Moorland will be like a gift from one generation to another and will help to secure the future of the School. Whether it helps to preserve and develop further our unique buildings or support the outstanding football education that is provided within them, leaving a legacy to the School has the potential to make a lasting and direct impact on future generations. Also, with Moorland School being a registered charity, it helps reduce inheritance tax as charitable bequests are tax exempt.
An example of the beneficial impact of a legacy
Will without Legacy
Will with Legacy
|Value of estate||£400,000||£400,000|
|Legacy to a Charity such as Moorland School||£ –||£25,000|
|Revised value of estate||£400,000||£375,000|
|Inheritance tax threshold||£325,000||£325,000|
|Amount liable for tax||£75,000||£50,000|
|Potential payment to Inland Revenue @ 40%||£30,000||£20,000|
The example in the second column shows how leaving a legacy to Moorland School would reduce the net value of your estate before it is assessed for tax, thereby reducing the tax liability by £10,000 while also benefiting the School by an extremely generous gift of £25,000. For many people making a planned gift to the charity whose work they support, like Moorland School Trust, is far preferable to paying compulsory tax to the Inland Revenue who collect £2.9 billion via Inheritance Tax per year
We hope you will consider remembering Moorland School Trust in your Will by leaving a legacy. Please be assured what ever its size it will be greatly valued and put to excellent use to make a truly significant difference.