If you’re a UK taxpayer, Gift Aid increases the value of your charity donations by allowing Trinity to reclaim the basic rate of tax on your gift at no extra cost to you.
How does Gift Aid work?
Whenever you make a donation under Gift Aid Trinity can reclaim the basic rate of tax on your gift from HMRC - 25p for every £1 you give. (Higher rate tax payers can also claim additional tax benefits for donations they make, and can either keep or pass this on to any charitable organisation.) Simply indicate how much you have donated when completing a tax self-assessment form.
If your income is below £10,000
From 6 April 2014, the income tax personal allowance has increased to £10,000 for individuals born after 5 April 1948. If your income is below £10,000, you will no longer be able to claim Gift Aid on eligible donations. If this applies to you, please ensure all existing Gift Aid declarations are cancelled; failure to do so could mean that HMRC may recover the claimed Gift Aid back from you or, in some cases, the charity that received the donation.
Why isn't my donation eligible for Gift Aid?
Some types of donation are not eligible for Gift Aid. Donations given through Give As You Earn for example, cannot have Gift Aid claimed on them because they are taken from your salary pre-tax and therefore are already tax-effective.