Guide to Giving

Tax Effective Giving

Find the most tax-effective way to support the College and maximise your gift

St Aloysius’ College is a registered charity (SC042545), so if you are a UK taxpayer then the College can reclaim the basic rate income tax you have already paid, thereby increasing the value of your donation by 25%.

If you are a Higher or Additional Rate taxpayer then you can reclaim the 20% portion you have paid in tax on the gross sum reducing the cost of your donation by 25%.

Here is an example of how your gift can work tax-effectively for you – and St Aloysius’ College.

Your Gift	+ Gift Aid 25%	The College Receives	Higher Rate taxpayers can reclaim (40% taxpayer)	Actual Cost to Donor (40% taxpayer)	Additional Rate taxpayers can reclaim (45% taxpayer)	Actual Cost to Donor (45% taxpayer)
£120	£30	£150	£30	£90	£37.50	£82.50
£500	£125	£625	£125	£375	£156.25	£343.75
£1,000	£250	£1,250	£250	£750	£312.50	£687.50
£5,000	£1,250	£6,250	£1,250	£3,750	£1,562.50	£3,437.50

Note that Tax Payer Rates in Scotland differ from the rest of the UK, but the same principles apply. The Higher and Top Rates are as follows:

	Taxable Income	Scottish Tax Rate
Higher Rate	£43,663 to £150,000	41%
Top Rate	Over £150,000	46%

Rates are correct at the time of publication (March 2023).