How does it work?
So long as you are a UK taxpayer, Gift Aid enables you to boost the value of your donations by 28p for every £1 you give (25p in Gift Aid and a further 3p in Transitional Relief) to your favourite charity. So, for example, if you decide to give £10 to the Felsted Schools, we will be able to reclaim an extra £2.80 from HM Revenue & Customs. It might not sound like a lot, but every penny really does count! What is more, if you are a higher rate taxpayer, you are entitled to claim tax relief on your donations, enabling you to reclaim as much as 25p from every £1 donated to charity.
What do you need to do?
To donate through Gift Aid, all you need to do is complete a simple declaration (orally or in writing) confirming that you are a taxpayer and that you are happy for us to claim tax relief on your donation. Just one declaration can apply to all donations that you have made to us over the past 6 years and to any forthcoming gifts you make, until you notify them otherwise. It is that simple.
Gift Aid form
| How the Tax Relief Works |
| Donor Gives Felsted |
£100 |
| Charity Claims from HMRC basic rate Income Tax on gross gift (£125 @ 20%) |
£25 |
| Transitional Relief |
£3.20 |
| Total that Felsted Receives |
£128.20 |
| |
| Example of Benefit to Higher Rate taxpayer |
| Higher Rate Taxpayer Donates |
£100 |
| Charity claims basic rate (20%) |
£25 |
| Transitional Relief |
£3.20 |
| Total that Felsted Recieves |
£128.20 |
| Higher rate donor claims back for themselves £125 x 20% (40%-20%) |
£25 |
So, a higher rate taxpayer’s gift of £100, under Gift Aid, will cost them only £75 and Felsted School will benefit by £128.20!
| You Give |
We Receive |
Cost to Higher Rate Taxpayer |
| £10 |
£12.82 |
£7.50 |
| £50 |
£64.10 |
£37.50 |
| £100 |
£128.20 |
£75.00 |
| £500 |
£641.00 |
£375.00 |
| £1,000 |
£1,282.00 |
£750.00 |
| £5,000 |
£6,410.00 |
£3,750.00 |
How does it work?
So long as you are a UK taxpayer, Gift Aid enables you to boost the value of your donations by 28p for every £1 you give (25p in Gift Aid and a further 3p in Transitional Relief) to your favourite charity. So, for example, if you decide to give £10 to the Felsted Schools, we will be able to reclaim an extra £2.80 from HM Revenue & Customs. It might not sound like a lot, but every penny really does count! What is more, if you are a higher rate taxpayer, you are entitled to claim tax relief on your donations, enabling you to reclaim as much as 25p from every £1 donated to charity.
What do you need to do?
To donate through Gift Aid, all you need to do is complete a simple declaration (orally or in writing) confirming that you are a taxpayer and that you are happy for us to claim tax relief on your donation. Just one declaration can apply to all donations that you have made to us over the past 6 years and to any forthcoming gifts you make, until you notify them otherwise. It is that simple.
Gift Aid form
| How the Tax Relief Works |
| Donor Gives Felsted |
£100 |
| Charity Claims from HMRC basic rate Income Tax on gross gift (£125 @ 20%) |
£25 |
| Transitional Relief |
£3.20 |
| Total that Felsted Receives |
£128.20 |
| |
| Example of Benefit to Higher Rate taxpayer |
| Higher Rate Taxpayer Donates |
£100 |
| Charity claims basic rate (20%) |
£25 |
| Transitional Relief |
£3.20 |
| Total that Felsted Recieves |
£128.20 |
| Higher rate donor claims back for themselves £125 x 20% (40%-20%) |
£25 |
So, a higher rate taxpayer’s gift of £100, under Gift Aid, will cost them only £75 and Felsted School will benefit by £128.20!
| You Give |
We Receive |
Cost to Higher Rate Taxpayer |
| £10 |
£12.82 |
£7.50 |
| £50 |
£64.10 |
£37.50 |
| £100 |
£128.20 |
£75.00 |
| £500 |
£641.00 |
£375.00 |
| £1,000 |
£1,282.00 |
£750.00 |
| £5,000 |
£6,410.00 |
£3,750.00 |