All about giftaid
Wherever
you see the gift aid logo you can help the Colostomy Association
even more, with no cost to you.
If you are a UK taxpayer, Gift Aid offers
a simple way to increase the value of your
gift to charity by allowing the charity to
reclaim the tax on your gift. You can use
Gift Aid if the amount of tax you have paid
in any tax year (6 April one year to 5 April
the next) is at least equal to the amount
the charity is reclaiming on your behalf.
How does it work?
If you give £1 in the normal way the Colostomy Association will receive precisely £1. But if you Gift Aid it then the Colostomy Association will receive £1.28 - in other words increasing the value of your gift by nearly a third.
Who can use Gift Aid?
Anyone who has paid enough income tax or capital gains tax to cover the amount reclaimed by the Colostomy Association in the current financial year can use Gift Aid.
What if I'm a higher taxpayer?
As a higher rate taxpayer you can reclaim 18 per cent personal tax relief on your donation - 23p in every pound you donate.
For more information visit the Inland Revenue website.