What is Gift Aid - Everything you've ever wanted to know about Gift Aid...

How can I sign up for Gift Aid? All you need to do is complete the downloadable Gift Aid Declaration form How does Gift Aid work? Gift Aid is one of the easiest ways to make your donation tax effective. The charity you are supporting reclaims the basic rate tax from the Inland Revenue. There is no extra cost to you and the process is simple - all you have to do is make a Gift Aid declaration. What is a Gift Aid declaration? It is simply a statement by an individual taxpayer that they want a charity to get back from the Inland Revenue the tax paid on their donation. This is a great way to add 28 per cent to the value of your gift to Skanda Vale Hospice without it costing you a penny more!

You can Gift Aid your donations to Skanda Vale Hospice provided that you pay in the same financial year as much in income or capital gains tax as we (Skanda Vale Hospice) claim on your donations. For example, if you wish to Gift Aid donations that total £100 in one year, you will need to pay at least £28 in tax during the same financial year.

 
How do I know if I pay UK income or capital gains tax?
You pay these taxes if:
• income tax is taken from your wages or salary before you receive your pay
• you pay tax after filling in a self-assessment form each year
• you have any taxable savings (in a Building Society, for instance), or a pension plan, or investment income
• you have paid any capital gains tax, on the sale of a property or some shares, for instance

If any of these applies to you, please complete and return your declaration so Skanda Vale can reclaim the tax on your donations.

Why does it work out at 28 pence for every pound given?
Although basic rate tax is currently 22 per cent, the donation for £1 is treated as the net after tax from £1.28 (£1.28 minus 22 per cent is approximately £1). Skanda Vale get back the 28 pence.

What if I don't pay UK tax?
Then, unfortunately, you are not able to make a Gift Aid declaration.

What if I'm a pensioner?
You may still pay tax on a private pension plan or a savings account, or pay capital gains tax if you sell property or shares. If so, please tick the Gift Aid declaration.

What if I make my donations via CAF (Charities Aid Foundation)?
If you normally make donations via CAF, tax has already been reclaimed. However, please fill in the declaration anyway so that any separate donations you might make are tax effective as well.

 
What does the Gift Aid declaration commit me to?
Absolutely nothing! It just ensures that if you choose to donate to Skanda Vale Hospice, we can claim an extra 28 per cent back from the Inland Revenue.

How long does the declaration last for?
To simplify matters for both you and Skanda Vale Hospice, the declaration wording normally covers present, future and past donations. We are able to claim on any gifts made since the Gift Aid scheme was revised on 6 April 2000, as long as you are eligible.

 
Who will have access to this information about me?
Only the Charity and the Inland Revenue. We will not share it with anyone else.
 

What should I do if my tax status changes or I want to cancel my declaration?

Please notify us in writing at:
Skanda Vale Hospice

Saron
Llandysul

SA33 6JT