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The Shaa Society is named after the founder of Stockport Grammar School. Sir Edmond Shaa. In 1487, Sir Edmond was determined to 'give back' to his home town and improve the lives of children by founding a school to nurture intellect, foster character, and provide opportunity.
You can help to secure a student’s future by leaving a gift in your will. Gifts of all sizes have a lasting impact on everything we can do here. Your support will ensure that Stockport Grammar School remains open to the brightest students regardless of their background and will protect the Bursary Fund.
If you would like more information about leaving a gift in your will to Stockport Grammar School please contact Aria Johnston on johnstona@stockportgrammar.co.uk or 0161 456 2408. As a token of our appreciation, anyone who leaves a gift in their will to SGS will be invited to join our Shaa Society, whose members are invited to an annual event at School.
• Legacies are made from the value of your estate rather than from cash flow
• Legacies made to charities are exempt from Inheritance Tax (IHT)
• As an example, if you should choose to leave £10,000 to a charity, this could save your estate 40% in IHT (£4,000), thereby ‘costing’ a donor's estate just £6,000
• It is worth bearing in mind that, under current legislation, a deceased’s estate that gives at least 10% to charities reduces the amount of IHT paid from 40% to 36%
• Consequently, if you leave 4% to charities, you may as well leave 10% since the net effect to your other beneficiaries will be identical
• Stockport Grammar School is a Registered Charity (No. 1120199)
Types of Legacy
Residuary
A specific share of an estate is left to Stockport Grammar School, usually by stating a percentage or a fraction of the whole.
Pecuniary
A specific sum of money (or other asset) is left to Stockport Grammar School.
Indexed
To ensure that the real value of a Pecuniary Legacy is protected, it is index-linked to inflation.
Other Factors
Making provision for a surviving spouse
Many are concerned that there is enough capital left in their estate to support their surviving spouse. This can be ensured by both spouses agreeing to make due mention in their Will or Codicil, to the effect that the legacy to Stockport Grammar School is only paid out on the second death.
Legal Advice
We would always recommend that you should seek legal advice. Aria Johnston, Head of Development at Stockport Grammar School, is happy to provide initial guidance and to provide you with simple Codicil forms, should you wish to adopt this approach.
