What is Gift Aid and How Do Charities Benefit?
Gift Aid increases the value of donations by 25%, so it means even more money goes to the causes you care about.
Do you want to give Gift Aid?
If you’ve ever donated goods, purchased from a charity shop or given a cash donation, you may have been asked this question, but you wouldn’t be the first to ask; “What is Gift Aid?”
Gift Aid is a scheme allowing charities to claim tax back on donations at no extra cost to the donor. Any donation will benefit from a further 25% being claimed from the government making your £s go further.
Who Can Give Gift Aid?
If you make a personal donation and you’re a UK tax payer then you can give Gift Aid. You must have paid sufficient Income Tax or Capital Gains Tax to cover any donations you have made to charities in the tax year.
What Information is needed for monetary Gift Aid claims?
There’s only a small amount of info needed for charities to claim Gift Aid which we collect on a Gift Aid declaration form;
- Full Name
- Home Address
- Donation made from personal bank account not a business or company account
- Confirmation you’re a UK tax payer and have paid sufficient Income Tax or Capital Gains Tax