Tax effective giving
If every donor were to give their donations tax-effectively, charities could claim an extra £600 million pounds from the taxman each year. Gift Aid allows charities to claim the basic rate of tax on donations received from UK taxpayers. As at 6th April 2011, the basic rate of Income Tax is 20%, which means that we can claim an extra 25p for every £1 you are given by UK taxpayers.
Gift Aid is a great way of maximising the value of donations at no extra cost to you and with minimal administration for us. As long as you are a UK taxpayer, all you have to do is give a Gift Aid declaration. A single Gift Aid declaration can cover any number of donations from you, applying to future donations and to donations received over the past four years.
Higher rate taxpayers
If you pay Income Tax at a higher rate, currently 40% or 50%, you can also claim the difference between the basic rate of tax and their highest rate, as tax relief for yourself. This will be 20% of the donation if you pay tax at 40%, or 30% if you are a 50% rate taxpayer.
How do I Gift Aid my donation?
It is that simple. To make your donations to Jeevika Trust worth an extra 25%, download a copy of our declaration form and return it to us along with your donation.
To work out how much your donation is worth to Jeevika Trust, click here.
For more information about tax effective giving including tax incentives for businesses, please click here.