For every single person who has ever attended the School either as a pupil or visitor we feel sure their lives will have been touched by the extraordinary artistic and rich heritage culture that is quite literally part of the fabric of Tring Park.
We realise the huge impact the School has had on the lives of so many and because we are responsible for the artistic training of past, present and future performers, Tring Park School for the Performing Arts plays a valuable role in contributing to the national cultural landscape.
For many of our past pupils and supporters giving to charities during their lifetime is limited by means and other spending priorities, however remembering Tring Park School in a Will offers an opportunity to support the School in a more generous way and to show lasting appreciation for the work of the School.
Leaving a legacy to Tring Park is a gift from one generation to another which will help to secure the future of the School. Whether it helps to facilitate the preservation and development of our unique buildings or supports the outstanding artistic specialist 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. Furthermore because Tring Park School is a registered charity, leaving a Legacy not only supports the School but also helps reduce inheritance tax as charitable bequests are tax exempt.
| Will without Legacy | Will with Legacy | |
|---|---|---|
| Value of estate | £400,000 | £400,000 |
| Legacy to a Charity such as Tring Park 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 Tring Park 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 The AES Tring Park 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 The AES Tring Park School Trust in your Will by leaving a legacy. Please be assured what ever its size and whether it is a sum of money, a particular asset or proportion of the remainder of your estate it will be greatly valued and put to excellent use to make a truly significant difference.
To find out more about leaving a legacy to The AES Tring Park School Trust please see the How to make a Legacy page.
Former Tring Park students perform at Buckingham Palace
Former Tring Park student gains a contract to the English National Ballet Company
Former Tring Park student stars in The Color Purple
All rights reserved. © 2013 The AES Tring Park School Trust. A company limited by guarantee. Registered in England no. 2962095. Registered Charity no. 1040330.
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