UK residents can make tax-efficient charitable donations via a number of schemes.
UK giving
Gift Aid
If you are a UK taxpayer, Gift Aid is a great way of increasing the value of your donation at no extra cost to you. Every gift you make to the University could be worth more, just by choosing to say yes to Gift Aid.
For every pound you give, the University could get an extra 25p from the UK government. The extra support is claimed from the tax you pay on your donations. This means that a gift of £100 is worth £125 to the University.
Frequently asked questions about Gift Aid.
For every pound you give, the University could get an extra 25p from the UK government. The extra support is claimed from the tax you pay on your donations. This means that a gift of £100 is worth £125 to the University.
Frequently asked questions about Gift Aid.
Gift Aid and Higher Rate Tax Relief
If you pay income tax at the higher rate of 40%, or the additional rate of 45%, there are extra benefits for you too, if you Gift Aid. You can claim back the difference between the tax rate you pay and the basic rate on the value of your donation.
You can do this via your self-assessment tax return or by asking HM Revenue and Customs (HMRC) to amend your tax code.
As an example, if you donate £1,000 to the ºÚ¹Ï³ÔÁÏÍø and say yes to Gift Aid, your gift is worth £1,250 to the ºÚ¹Ï³ÔÁÏÍø.
If you pay 40% tax then you can personally claim back £250 (which is 20% of the £1,250 donation). This means that your donation effectively costs you only £750. If you pay 45% tax then you can personally claim back £312.50 (which is 25% of the £1,250 donation), so your donation effectively costs you £687.50.
To aid filling in your self-assessment tax return we can send you an annual donation statement that you can use on your tax return, which details your donations and the Gift Aid.
Payroll giving
Payroll giving is a tax-efficient way for employees in the UK to make regular donations to their chosen charities directly from their salary, before tax is deducted.
Gifts made through this scheme are taken directly from your gross pay, giving immediate tax relief at the highest rate of tax for which you qualify.
If you are interested in this method of giving, please request an application form from your employer, detailing your wishes to donate to the ºÚ¹Ï³ÔÁÏÍø. Your employer will then deduct a gift directly from your salary before tax is applied.
Match funding
Many employers operate a Match Funding scheme, so will match gifts you make or raise for charities. You can usually find out about these schemes from your organisation's human resources department.
Match funding is a great way to boost your support and raise greater awareness of the important charitable work of the University.
Legacies and reducing Inheritance Tax
In the UK, gifts made to charity in a will are exempt from Inheritance Tax and the government provides a further incentive when you leave 10% or more of your net estate to charity.
US giving
As a US citizen, you can make a tax-effective gift to us by making your gift through the British Schools and Universities Foundation, a 501(c)(3) nonprofit, tax-exempt foundation.
Simply quote ºÚ¹Ï³ÔÁÏÍø when making your gift.
