Gift aid is a fantastic scheme which can make your donations go 25% further, and it won’t cost you a penny!
How does it work?
As long as you are a UK taxpayer, Gift Aid enables you to boost the value of your donations by 25p for every £1 you give to your favourite charity. So, for example, if you decide to give £10 to Llamau, we will be able to reclaim an extra £2.50 from HM Revenue & Customs. That’s worth a quarter of your original donation, and there’s no cost to you.Gift Aid is reclaimed by us from the tax you pay for the current tax year. Your address is needed to identify you as a current UK taxpayer.
Higher rate taxpayers
For higher rate taxpayers, there is an added incentive to claim tax relief for your donation. You can reclaim the difference between the basic rate of tax (20%) and the higher rate of tax (40%) when you complete your Self Assessment form.
What do you need to do?
To donate through Gift Aid, all you need to do is complete a simple declaration confirming that you are a taxpayer and that you are happy for us to claim tax relief on your donation. You must be a UK taxpayer and if you pay less income tax and/or Capital Gains tax in a tax year than the amount of Gift Aid claimed on all of your donations in that tax year it will be your responsibility to pay any difference.
Just one declaration can apply to all donations that you have made to us over the past 4 years and to any forthcoming gifts you make, until you notify them otherwise. It is that simple.
Contact Rachal by email or on 029 2023 9585 to find out more about Gift Aid today.