What is GiftAid?
The Government allows charities to claim back tax on donations. This tax relief is called ‘Gift Aid’. Gift Aid is great because it means charities get extra money added to their donations at no extra cost to the donor. For every £1 donated, the charity currently receives £1.25 when you add Gift Aid. If you give through Gift Aid, you need to make sure that you’ve actually paid the amount of tax that the charity will claim back. For example, if you donate £100 in a tax year, you must have paid at least £25 tax over the year. Learn more here.