Gift aid

The Institute of Fundraising is encouraging the voluntary and community sector to register for gift aid. 

There is currently more than £600 million unclaimed each year. Gift aid enables charities to reclaim the basic rate of income tax, and higher rate tax-paying donors can reclaim the difference between the basic and higher rate of tax.

How it works -

• Gift aid is worth an extra 28p per £1 donated (after April, 2008, with the proposed reduction in income tax, the value of gift aid will be 25p for every £1 donated)
• charities can reclaim gift aid on donations from the past six years if they have the donor’s permission, and a gift aid declaration
• donors must have paid as much in income tax or capital gains tax as the charity is claiming back

Getting help/information -

For one-to-one advice about how to increase your fundraising through tax-effective giving, contact the Institute of Fundraising’s Tax-Effective Giving team on 0845 458 4586 or email taxback@institute-of-fundraising.org.uk or visit www.tax-effectivegiving.org.uk