3 GIVING IS MORE IMPACTFUL THAN EVER
Many people are concerned that their donations to charity may be reduced by tax or administrative costs, preventing the full amount from reaching the people or causes they really want to help. Thankfully there are ways to make the most of every donation to charity.
If you’re a UK taxpayer, you can boost the amount of every donation you make by giving through Gift Aid, an Income Tax relief created to help charities get the most out of the funds they receive. As Gift Aid enables the charity to recover the basic rate of tax on your donation, the scheme adds 25p to each £1 you give at no extra cost to you.
There are many other ways to give to charity tax-effectively too, such as by donating straight from your salary before tax is deducted through a payroll giving scheme, donating shares to charity or leaving a charitable legacy in your Will. These methods of giving ensure your chosen charities benefit as much as possible from your support.