The Gift Aid Trick

Image of The Gift Aid Trick

December 17, 2019

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!

You May Also Like…

Should I go Electric?

Electric cars are becoming more and more popular, particularly with business owners. What’s going on?!  The main buzz...

Your 2022 Autumn Statement Summary

On 17 November 2022, the government undertook the third fiscal statement in as many
months, against a backdrop of rising inflation and economic recession.