Leave A Lasting Legacy
Since Mill Hill first opened its doors over 200 years ago, we have been the fortunate and very grateful beneficiary of legacy gifts left by Old Millhillians, staff and friends of the School. Our School is the living legacy of their generosity. We hold our legacy donors in extremely high regard and are immensely grateful to all those who choose to remember us in this way.
The 1807 Society
We are particularly grateful when alumni and friends choose to inform us of their intentions to leave a gift in their will. The 1807 Society brings together all those who have included Mill Hill School in their will and care deeply about its future. Named after the year the School was founded, the Society is our way of thanking our members.
Legacy Brochure
Please download our Mill Hill School legacy brochure to find out more about leaving a gift in your will, or contact us for a hard copy.
Will Writing Services
Mill Hill School offers a free will-writing service. To find out more, please contact the Development office at development@millhill.org.uk
FAQs
The Tax benefits of leaving a gift to Mill Hill in your Will
The Mill Hill School Foundation is a registered charity (No. 1064758) and all legacy gifts made to the school are exempt from UK Inheritance and Capital Gains Tax. This means you won’t pay inheritance tax on any gifts you give to the school in your will.
In addition, if the value of your estate is more than £325,000 and you leave at least 10% of your taxable estate to charity, the rate of inheritance tax you will pay on your whole taxable estate is reduced from 40% to 36%.
This means that you can give a meaningful gift to charity with minimal impact to your other beneficiaries.
*See tables below
How the 10% rule affects a £500,000 estate
| Without a gift in your will | With a gift in your will of 10% | ||
| Gross Estate | £500,000 | Gross Estate | £500,000 |
| Less nil rate band | -£325,000 | Less nil rate band | -£325,000 |
| Net estate | £175,000 | Net estate | £175,000 |
| Charitable donation | £0 | Charitable donation of 10% | £17,500 |
| Taxable estate | £175,000 | Taxable estate | £157,500 |
| Less IHT at 40% | £75,000 | Less IHT at 36% | £56,700 |
| Remaining estate (inc. nil rate band) | £430,000 | Remaining estate (inc. nil rate band) | £425,800 |
In the example, the estate's beneficiaries would forego the sum of £4,200 (less than 1%) while the charity, or charities, would benefit from a gift of £17,500.
*Correct at time of going to print (spring 2024)
Legacy Pledge
If you have already included Mill Hill School in your will, but haven’t yet notified us, please do let us know by completing this short form. We would love to have the opportunity to thank you and invite you to hear more about our work.
