Sign up to Gift Aid
Your gifts to Age UK Richmond could be worth 25% more - at no extra cost to you - when you Gift Aid it.
What is Gift Aid?
Gift Aid is a UK tax relief scheme that allows charities to claim an extra 25p for every £1 donated by UK taxpayers, significantly increasing the value of donations at no extra cost to the donor. This means that if you donated £100 to Age UK Richmond, we would be able to claim an extra £25, bringing the total to £125, as long as you have agreed to Gift Aid.
How does Gift Aid work?
When you donate money to Age UK Richmond and agree to Gift Aid, we can reclaim the basic rate tax (20%) that you have already paid on your donation from HM Revenue & Customs (HMRC).
Do I qualify for Gift Aid?
To qualify for Gift Aid:
- you need to be a UK taxpayer
- you need to have paid or expect to pay enough UK income/capital gains tax to cover the amount the charity will reclaim on your donations in that tax year. That means that your tax payments must be at least equal to the amount of Gift Aid claimed by the charities you support.
- you need to make a Gift Aid declaration
- if you are completing an enduring Gift Aid declaration, you also need to be sure you paid enough tax to cover the donations you made in the previous four years.
Do I need to renew my Gift Aid declaration each year?
No, you only need to make a declaration once. We’ll keep this declaration as your enduring permission to claim Gift Aid tax relief on all donations. It will cover the previous four years, the current year, and any donations you might make to us in the future until you notify us otherwise.