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).
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