Gift Aid feels like a win-win doesn’t it?
Donating through Gift Aid means that the charity can claim an extra 25p on every £1 you give. It doesn’t cost you anything.
It gets better though if you pay a higher rate of tax. If you pay 40% or more on any portion of your earnings you can claim the difference between the rate you paid and the basic rate on your donation.
Here’s an example…
A £100 donation means that through Gift Aid that charity effectively makes your donation £125. You can claim back 20% of that; in this case £25.00. Do that a few times and it will start to add-up.
That’s a kind of win-win-win we reckon!
