If you make a charitable donation via Gift Aid then we can reclaim from the Inland Revenue the basic rate tax you paid on the money you are giving.
That means for every £1 you donate we actually receive £1.25!
And if you are a higher rate taxpayer you can claim the difference between the higher rate of tax and the basic rate in your Self Assessment return, so you can afford to give even more.
How does it work? Very easily. You can make payments, pretty much of any amount, large or small, by cash, cheque, postal order, direct debit, standing order, or credit card.
Your donation will qualify for Gift Aid if you:
- Pay at least as much tax (income or capital gains at any rate) as the charities will reclaim on your gifts in the financial year in which you make them (tax credits on dividend income count towards the tax paid)
- Make a simple Gift Aid declaration