One off gifts
A one-off donation, whatever its size, will qualify for tax relief under the Gift Aid scheme.
This means that we can claim back 28p from the Inland Revenue for every £1 donated. I f you pay tax
at a higher rate of 40% you can reclaim tax at the difference between the basic rate tax of 22% and
the higher rate of 40% which is 18%.
Examples of single gifts based Income Tax at 22%:
|
Your gift
|
Colfe's receives
|
You pay (as a higher-rate tax payer)
|
| £10.00 |
£12.80 |
£7.70 |
| £100.00 |
£128.00 |
£77.00 |
| £500.00 |
£641.00 |
£385.00 |
| £1,000.00 |
£1,280.00 |
£769.00 |
|
|
|
