What is Gift Aid?
Gift Aid is a form of tax relief which allows charities, like REMAP, to claim an extra 25p from the government, for every £1 you donate to us.
What’s more, this doesn’t come at any extra cost to you as the supporter.
This additional 25% on all donations makes a huge difference to us as a charity, and what we do to continue to support people with disabilities across the UK. Therefore, we always encourage our supporters to utilise Gift Aid wherever possible.
Eligibility for Gift Aid
If you’re thinking of donating through Gift Aid, there are some eligibility criteria to be aware of, but it’s quite straightforward.
Your donations will qualify for Gift Aid as long as they are not more than four times the amount you paid in tax within that financial year, between the 6th April and the 5th April.
This includes both income and capital gains tax.
As long as this is the case, your donations should all qualify, so you simply need to opt to donate through Gift Aid, and we will receive the additional 25p for every £1 you donate.
Information for Higher Rate Taxpayers
If you pay above the basic rate of 20% on your income, you can personally claim back the difference between the rate you pay and the basic rate on your donation.
For example:
You would like to donate £100 to REMAP through Gift Aid, which brings the overall donation to £125. As you pay 40% on your tax, you can personally claim back the 20% difference between your tax rate and the basic rate on that total amount. This means £25 comes back to you, and we at REMAP receive the full £125.
You can claim this back through one of the two options:
- Through your Self Assessment tax return
- By getting in touch with HMRC and asking them to amend your tax code
If you choose to donate through Give as You Earn, or Payroll Giving, you don’t pay tax on the difference between your higher and basic rate of tax on your donation.