Gift Aid & Tax Efficient Giving

Making your gifts go further....

It is recognised that 70% of the population give to charity. However, only one in three do so tax efficiently, meaning that both the donor and charity are missing out on the millions of pounds available in tax reliefs.

Legislation governs many parts of our lives and making a donation may not be an exception. Three key taxes affect a gift: income tax, capital gains tax and inheritance tax. Tax reliefs can reduce the impact of each of these taxes either by allowing the charity to reclaim tax already paid by the tax payer or by allowing the taxpayer to pay less tax. Either way means a significant reduction in the real cost of charitable gifts for the donor and an increase in the net value of the donation for the charity.

This site has worked to provide a summary of the options available and serves as guidance only. When making any decisions about your personal financial situation, we recommend you seek independent professional advice.

Some useful websites to visit include:

Charities Aid Foundation (CAF)

Inland Revenue

The Giving Campaign

GIFT AID
When making a donation to Wakefield Hospice, your gift will increase by over a quarter. Anyone who has paid enough Income Tax or Capital Gains Tax in the current financial year to cover the amount reclaimed by Wakefield Hospice can use Gift Aid.
PAYROLL GIVING
If you are able to give through your payroll, your gift is made directly from your salary before it is taxed. Anyone who is paid or receives a pension through PAYE can use the Payroll Giving method, providing their employer has the Payroll Giving scheme in place.
LEGACIES
Charitable legacies are donations that are made as part of your will. They are paid before inheritance tax is deducted, reducing the amount of tax paid on the estate.
TRUSTS AND SHARE GIVING
The tax efficient benefits of donating to Wakefield Hospice by giving shares or creating a charitable trust