If you are a UK taxpayer, you can use Gift Aid to make your donation go further. It doesn't cost you any more, but could increase the value of your gift. St Aloysius' College as a charity can reclaim an extra 25p on every pound you donate.
Gift aid will be claimed by the College from the tax you pay for the current tax year. Your address is needed to identify you as a current UK taxpayer.
Please notify us if you wish to cancel this declaration, if you change your name or address, or if you no longer pay sufficient tax on your income or Capital Gains.
As a higher-rate taxpayer you have the right to reclaim tax on your charitable donations. To do this, include details of your charitable gifts on your self-assessment tax form to claim your additional personal tax relief (this being the difference between the basic rate of 20% and your higher rate). If you do not submit self-assessment tax returns, you can also ask HMRC to adjust your tax code.
Contact the Development office if you need a receipt for donations.
You can find out the latest tax information and how it impacts your charitable donations on HMRC’s website.
Your Tax Rate | % | You donate | With Gift Aid your donation is worth | You can claim back an additional from HMRC | Therefore the actual cost to you |
Basic Rate Tax | 20% | £100 | £125 | N/A | £100 |
Higher Rate Tax | 42% | £100 | £125 | £27.50 | £72.50 |
Advanced Rate Tax | 45% | £100 | £125 | £31.25 | £68.75 |
Top Rate Tax | 48% | £100 | £125 | £35 | £65 |