If you are a UK income tax payer then
your donation is worth more. By completing the Gift Aid section
the Development Trust can reclaim an extra 28p from every £1
you donate. If you are a higher rate taxpayer, you can reclaim the
difference between the basic (22 per cent) and higher (40 per cent)
rate bands.
So, if you make a single
gift of £100, the Transformation Campaign receives
£128 and if you are a higher rate taxpayer you can reclaim
£23. A gift of £500 would be worth £641 to the
Transformation campaign, with the higher rate taxpayer
reclaiming £115.
The
Inland Revenue has an in depth site on Gift Aid which can be accessed
by clicking here.
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