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use gift aid to boost donations to comic relief (or other chairdees!)
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brightonman123
Posts: 8,535 Forumite
in Charities
http://www.telegraph.co.uk/finance/personalfinance/4931727/Comic-Relief-Boost-your-donation-on-Red-Nose-day-without-paying-more.html
extract from above link-
Anyone giving money simply has to sign a Gift Aid declaration form and the charity can reclaim the income tax, plus some additional "transitional relief''. Essentially, if you donate £1, the charity collects £1.28. This transitional relief will last until April 2011, after which charities will receive just 25p for every £1 given, which is the amount of basic-rate tax paid on this sum.
Non-taxpayers cannot use this scheme, as they haven't paid any tax on the money donated to charity. But higher-rate taxpayers can also claim back the difference between the basic-rate and higher-rate tax. For a £1 donation, this would equate to a 25p refund.
They simply have to record this donation on their self-assessment form: taxpayers can then elect for this to also go to charity or to offset any tax due.
more info at
http://www.rednoseday.com/
(dont forget you can still help NOW, by text -
send the word CLIMB to 88808.
(texts cost £1 plus your standard network rate- £1 per text goes to comic relief.
extract from above link-
Anyone giving money simply has to sign a Gift Aid declaration form and the charity can reclaim the income tax, plus some additional "transitional relief''. Essentially, if you donate £1, the charity collects £1.28. This transitional relief will last until April 2011, after which charities will receive just 25p for every £1 given, which is the amount of basic-rate tax paid on this sum.
Non-taxpayers cannot use this scheme, as they haven't paid any tax on the money donated to charity. But higher-rate taxpayers can also claim back the difference between the basic-rate and higher-rate tax. For a £1 donation, this would equate to a 25p refund.
They simply have to record this donation on their self-assessment form: taxpayers can then elect for this to also go to charity or to offset any tax due.
more info at
http://www.rednoseday.com/
(dont forget you can still help NOW, by text -
send the word CLIMB to 88808.
(texts cost £1 plus your standard network rate- £1 per text goes to comic relief.
Long time away from MSE, been dealing real life stuff..
Sometimes seen lurking on the compers forum :-)
Sometimes seen lurking on the compers forum :-)
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