Your Legacy

Remembering Heriot's in your Will is one of the best ways of having a lasting impact on the School. You will be joining a tradition of benefaction started by George Heriot in 1624

All legacies to the School from UK taxpayers are exempt from inheritance tax. If you would like your bequest to be directed in a particular way, the School would be delighted to discuss this so that your wishes can be honoured in full.

1628 Society

All those who have pledged a legacy are invited to join the 1628 Society and will be invited to a special members-only event each year as well as receiving annual reports.

Do please let us know if you are considering leaving a bequest. The more we know about your wishes, the better able we will be to honour your intentions in full when we receive your bequest.

If you are a UK taxpayer, a gift in your Will to Heriot's is free from tax and it could reduce the inheritance tax due on your estate. From 6 April 2012, if you leave 10% of your estate to charity the tax due on the remainder given to other beneficiaries reduces from 40% to 36%. For more information please visit www.hmrc.gov.uk.

Choose the gift that's right for you

We are extremely grateful for every legacy gift we receive. Although there are many form of legacy, the two most common are:

  • A share of your estate: Giving a percentage share of your estate once all other legacies and expenses have been settled. This is the most valuable type of gift as it retains its value over time. This is called a 'residuary gift'.
  • A fixed sum of money: It can be any amount from a few pounds to thousands of pounds. This is called a 'pecuniary gift'. This type of legacy could be affected by inflation leading the value being eroded over time. However, a pecuniary bequest can be linked to the Retail Price Index, to ensure that the gift reflects your original intention.

If you would like to find out more about leaving a legacy to Heriot's and to receive a Legacy Pack, please contact Eleanor Porter, Head of Fundraising.

Remembering Raymond: The Gift of a Lifetime

Raymond Scott