GIFTAID IT ... THE EASIEST WAY TO BOOST YOUR GIFT
BY RECLAIMING THE TAX YOU HAVE ALREADY PAID, YOUR DONATION INCREASES
All Love2Donate charities are approved by the UK Charity Commission. Please let us know if you may know of a charity of interest to you, which we may have missed.
£50.00 will help save one acre of rainforest, steppe or other threatened land, which will then support wildlife with in.
What is Gift Aid?
Gift Aid is a policy that effectively increases the value of your Love2Donate gift to charities and CASCs (Community Amateur Sports Clubs), providing that you are a registered UK tax payer and will have paid sufficient tax by the end of the current tax year to cover the claim.
But how does it work?
As a UK tax payer, money that you have to spend has already had tax paid on it (tax is normally deducted from source in your pay packet and goes straight to the Government). Donations to charity are considered to be tax free payments. Therefore, any donation that you make (with money upon which you have already paid tax), is eligible to have that tax value reclaimed from the Government.
Therefore with the tax reclaimed, a donation of £22.00 is boosted to £27.50.
How does £22.00 become £27.50 ?
Bear in mind that any money you have to spend will already have been taxed at 20%, so our £22.00 is really only 80% of the total donation amount.
What if I do not work - can I still be classed as a UK tax payer?
Yes!
If you are not working and paying tax through Pay As You Earn, it does not mean that you are not paying tax. You may be paying tax on...
Please note: only UK paid tax is allowed. If you only pay tax overseas then this will not count.
