Tax-efficient Giving
If you are a UK taxpayer, the LJMC can increase the value of your donation by allowing us to reclaim basic rate tax on your donation. This is the Gift Aid scheme and increases donations by 25% at no further cost to you.
We mention Gift Aid a lot because it makes all the difference in helping us reach our fundraising target each year.
If you pay higher rate tax you can claim extra relief on your donations through your Self Assessment tax return.
*Sponsored events: If you are taking part in a sponsored event, the pledges of your supporters may also qualify for Gift Aid.
How Gift Aid works: You can make a Gift Aid donation if the amount of Income Tax and/or Capital Gains Tax you have paid in the tax year is at least equal to the amount the LJMC will reclaim.
For example, in order to make a donation of £100 to the LJMC, you will have earned £120 (assuming you are basic rate taxpayer). The difference of £20 is what the LJMC, under Gift Aid, can reclaim from HMRC - that's an increase of 25% on your donation.
Making a Gift Aid donation is really very simple. The easiest way is to use one of the LJMC’s donation forms which already include the Gift Aid declaration.
For the LJMC to reclaim the tax, it’s essential that we have your name and home address, together with the declaration that you have paid sufficient tax. Here’s a sample declaration:
I, [name], of [home address & postcode], wish to make a donation of £[amount] to the Lynda Jackson Macmillan Centre. Please treat this donation, and any others I may make in the future, as Gift Aid donations. I pay an amount in Income and/or Capital Gains Tax at least equal to that which the LJMC will reclaim.
The declaration can also cover donations you have made in the last six years.
Reclaiming the tax: You don’t have to do anything more! The LJMC Finance department submits a claim to HM Revenue & Customs and that’s all there is to it!
For more information about Gift Aid, visit www.hmrc.gov.uk/charities
Last updated: April 13, 2012
Donation Form