tax credit instead of gift aid?

Martin_y

Hi guys
My wife gives to the church every month. And she has also signed the gift aid thingy.

But, is it possible for us to get a tax credit instead of the church getting the gift aid?

Trow

Simple answer - no.

GiveItBack

if you are a higher rate tax payer, then you can claim back the difference between the gift aid and the higher rate you've paid.

So if you give £13, and tick gift aid, then the church get £16.60ish, you can also claim back the £3. you do this on your tax returns at the end of the year. These figures above are right, I can't remember the percentages off the top of my head, but it's something like you get 18% of the total donation back to you.

if you're not a higher rate taxpayer then you can't.

GiB

i1189

No, but instead you can give less money and the church can claim the gift aid, and then the church will still be getting the same amount as if you could claim basic rate tax relief yourself on a higher donation.

Marc1978

I agree with GiB on this.

have a look at http://www.tax-effective-giving.org.uk/giftaid.html there is a useful gift aid calculator.