Friends of Surbiton and Tolworth Health Community
Gift Aid
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Gift Aid gives you an extra 25p for every £1 you donate.
Gift Aid is an income tax relief designed to benefit charities and Community Amateur Sports Clubs (CASC). If you’re a UK taxpayer, Gift Aid increases the value of your charity donations by 25% because the charity can reclaim the basic rate of tax on your gift at no extra cost to you. |
How does Gift Aid work?
The process is really simple; all you need to do is fill out a Gift Aid Declaration form. This is a statement from you to the charity confirming that you want to donate through Gift Aid and receive tax back on your donation.
Am I eligible for Gift Aid?
For a charity to claim Gift Aid on your donation you must first have paid UK Income or Capital Gains Tax that financial year. The tax you pay must be equivalent to the amount of Gift Aid the charity will reclaim on your donation that tax year, (and will be claimed by other charities and CASCs). VAT and Council Tax do not meet this criteria.
From April 2015, the income tax personal allowance has increased to £10,600 for individuals born after 05 April 1948. If your income is below £10,600, you will no longer be able to claim Gift Aid on eligible donations.
It is worth noting that you cannot make donations on behalf of someone else or a company. Also CAF Give As You Earn donations are not Gift Aid eligible as they are taken from your salary pre-tax.
What if I pay higher rate tax?
If you’re a higher rate taxpayer, you can claim additional tax benefits for the donations you make to charity, which you can keep or pass on to a charitable organisation. Simply indicate how much you’ve donated when completing your tax self-assessment form.
The process is really simple; all you need to do is fill out a Gift Aid Declaration form. This is a statement from you to the charity confirming that you want to donate through Gift Aid and receive tax back on your donation.
Am I eligible for Gift Aid?
For a charity to claim Gift Aid on your donation you must first have paid UK Income or Capital Gains Tax that financial year. The tax you pay must be equivalent to the amount of Gift Aid the charity will reclaim on your donation that tax year, (and will be claimed by other charities and CASCs). VAT and Council Tax do not meet this criteria.
From April 2015, the income tax personal allowance has increased to £10,600 for individuals born after 05 April 1948. If your income is below £10,600, you will no longer be able to claim Gift Aid on eligible donations.
It is worth noting that you cannot make donations on behalf of someone else or a company. Also CAF Give As You Earn donations are not Gift Aid eligible as they are taken from your salary pre-tax.
What if I pay higher rate tax?
If you’re a higher rate taxpayer, you can claim additional tax benefits for the donations you make to charity, which you can keep or pass on to a charitable organisation. Simply indicate how much you’ve donated when completing your tax self-assessment form.
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Find out more about Gift Aid from HMRC
Find out more about claiming Gift Aid as a charity on the GOV.UK website.
Find out more about claiming Gift Aid as a charity on the GOV.UK website.
