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WHAT IS GIFT AID AND WHO CAN JOIN?

Gift Aid is a method, approved by HMRC, of substantially increasing the value of your offerings at absolutely no cost or inconvenience to you. Your donations are whatever you feel you can afford and need not be a fixed commitment. Whatever you give is gratefully received as your personal support to the Parish. Gift Aid can be applied to all your donations whether regular or occasional and you can stop, start or vary what you pay whenever you decide; and no one will ‘chase’ you for money.

 

If you are happy to confirm the statement on the first page:

 

I am a UK taxpayer and understand that, if I pay less Income Tax and/or Capital Gains Tax in the current year than the amount of Gift Aid claimed on all my donations, it is my responsibility to pay any difference. Please treat as gift aid donation, all qualifying gifts of money made from the date of this declaration, or since ……………………………………

 

Then you are eligible to join the Gift Aid Scheme.

WHAT ARE THE BENEFITS OF GIFT AID?

Our Parish, as a registered charity, is allowed to reclaim all of the basic rate income tax which you have paid on any funds given to us under the Gift Aid Scheme.

HOW MUCH IS THIS WORTH TO THE PARISH?

Currently we can reclaim from the Government an extra 25 pence for every pound you give.

HOW WILL THIS AFFECT MY TAX RETURN?

If you pay Income Tax at either the Lower or Basic Rate then Gift Aid will not normally affect you, unless the amount we seek to reclaim from HMRC exceeds or is likely to exceed the total tax you will pay in the tax year. Your total ‘Tax Paid’ for the year includes both Income Tax and any Capital Gains Tax paid on the sale of shares or investments.

HOW MUCH TAX IS RECLAIMABLE ON A GIFT OF £260 A YEAR (£5 per week)?

For example, if your donation was £5.00 per week, the Parish would be able to claim an extra £65.00 thus boosting your annual gift of £260 to £325 at absolutely no cost to you. Similarly, if you pay £1000 per annum your gift will be transformed into more than £1250.

WHAT IF THE AMOUNT OF TAX TO BE RECLAIMED IS MORE THAN THE TAX I PAID?

In the unlikely event that you will not pay enough tax, just contact the Gift Aid Organiser.

I AM A HIGHER RATE TAX PAYER, HOW WILL THIS EFFECT ME?

As a higher rate tax payer you are allowed to reclaim for yourself the difference between the Basic and Higher Rates of Tax (currently 20%). Thus, an offering of £260, less your tax refund, would actually cost you only £208, but the Parish would still have received £325.

HOW WILL I KNOW HOW MUCH I HAVE GIVEN THE PARISH EACH YEAR?

If you wish, the Gift Aid Organiser will send you a letter each year with details of your donation.

IF I JOIN GIFT AID AND CEASE TO BE A TAX PAYER CAN I CANCEL EASILY?

Yes. You can ring or write to the Gift Aid Organiser at any time.

WILL THE AMOUNT OF MY OFFERINGS BE KNOWN TO ANYONE IN THE PARISH?

You will be allocated a Personal Identification Number known only to you and to the Gift Aid Organiser. The amounts you give can only be identified by the Gift Aid Organiser who keeps all such information strictly confidential.

HOW DO I MAKE MY OFFERINGS?

Every gift whether large or small is greatly valued, but if you feel able to make a regular monthly donation, a standing order form is available. This can be downloaded be clicking here or collected at the sacristy. Any envelope labelled with your membership number, may be used for regular or extra donations.

 

Personalised weekly envelopes with your membership number, can be issued and envelopes are also available from the Parish.

WHAT ABOUT SECOND COLLECTIONS AND EASTER AND CHRISTMAS OFFERINGS ?

If you are not using the Gift Aid Envelopes, you can still use any envelope. Please add your Personal Number (or your name if you have not yet signed up to the Gift Aid Scheme) on the envelope so that we can identify it for tax purposes.

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