TAX EFFICIENT GIVING
Making your giving tax efficient through Gift Aid helps our church to be financially stable and gives us the resources we need for our ministry and mission.
Gift Aid is a generous government scheme which allows churches and charities to claim the tax that you have paid on your giving. The government wants to give this money because they know the positive and good work that churches and charities do in our society
So how does it work?
Firstly, let's say you give £10 to St Cuthbert's. The church is registered for Gift Aid and has a Gift Aid secretary who does all the work.
If you are a UK taxpayer, all you need to do is to sign a Gift Aid declaration which is provided by our Gift Aid secretary.
Our Gift Aid secretary is then able to claim the tax that you have paid on your donations, resulting in the church receiving an additional 25p for every £1 you donate.
Your £10 will become £12.50 at no extra cost or effort to you!
It all adds up and each year our church receives thousands of pounds in Gift Aid claimed from the taxman, courtesy of the government.
All you have to understand is that the amount of Income Tax and/or Capital Gains Tax you pay in a tax year must be less than the amount of Gift Aid claimed on all your donations, otherwise if will be your responsibility to pay any difference.
If you require any further information, please contact Stephen Hopwood on 07805025042 or email: hopwood877@btinternet.com