|
DONATING TO
LINC
Gift Aid
For every £1 a UK tax-paying donor gives to
LINC we can get an extra 28p from the Inland Revenue….at no
extra cost to the tax payer.
| |
Amount given |
Amount of tax charity can claim |
Charity receives |
Difference reclaimed by donor |
|
Basic rate
taxpayer
22% |
£100 |
£28.20 |
£128.20 |
N/A |
|
Higher rate
taxpayer
40% |
£100 |
£28.20 |
£128.20 |
£23.08
(18%) |
If you pay tax at the
higher rate you can claim further tax relief in your
self-assessment tax return. Please remember that you can also
donate this to LINC.
In 2004/05 UK Charities made Gift Aid reclamations totalling
£652 million
UK Charities made 400,000 claims in total
Estimated loss to charity sector – approx £700 million a year!
If you have donated money to LINC or wish to
donate to LINC please
print out our gift aid form, fill it in and send to LINC Office,
LINC Out Patients department, Cheltenham General Hospital,
College Road, Cheltenham, Gloucestershire, GL53 7AN.
By filling in this form you can increase the amount of money
raised and help LINC to continue supporting local people and
their families who are receiving treatment at Cheltenham
Hospital. Thank you.
Payroll Giving
Donating straight from your salary or
"Payroll Giving" is a uniquely cost effective way to support our
work. You decide how much you would like to give each month.
This amount is then paid to us straight from your monthly salary
before tax is deducted. That means a gift of £5 actually costs
you only £3.90 (or £3.00 if you pay tax at a higher rate).
What
are the benefits?
Payroll Giving is a tax-effective way for employees and
pensioners to give to LINC. For every £1 that you donate, 22p
(at 22% tax rate), which would normally go to the taxman, will
go to LINC.
How does it work?
Providing that your employer offers Payroll Giving it could not
be simpler. All you need to do is print out our Payroll Giving
Form, fill it in and pass it on to your payroll or personnel
department and then send a copy to us. This authorises your
employer to deduct donations from your pay. Your employer pays
these donations to a Payroll Giving agency approved by the
Inland Revenue. The agency then distributes the money to LINC.
Once your donation is set up, you do not have to do any more.
Further Information and Queries
If you have any queries about donating through your payroll,
please contact us on 08454 224422. For more information about
the benefits of payroll giving please see the Inland Revenue
website
www.inlandrevenue.gov.uk/payrollgiving |
