If you pay Income Tax at the higher (40%) or additional (45%) rate you will be able to claim relief based on the ‘grossed-up’ amount of your gifts. With a basic rate of Income Tax of 20%, gifts are grossed-up by multiplying the amount you give by 100 divided by 80. Higher Rate and Additional Rate Relief is given by increasing your basic rate band and higher rate band by the grossed-up amount of your gifts. In most cases, if you pay tax at the higher or additional rates (40% or 45%), your relief will be equal to the difference between basic rate and either 40% or 45%. Find out how you can maximise your impact here:

TRANSFORMATIONAL GIFT CALCULATOR

If you are a UK taxpayer, you can amplify your donation by completing a Gift Aid Declaration linked here. This enables the Fitzwygram Foundation to claim an additional 25%, from HMRC at no extra cost to you.

Carrying back Gift Aid claims

If you donate (with Gift Aid) during the current tax year, you can ask HMRC to treat that donation as being made in the previous tax year, provided that you paid enough tax in that tax year to cover all donations for which you have claimed Gift Aid and you have not yet submitted a return for that tax year.

If you are donating via your company, the donation is not eligible for Gift Aid, however you can treat the donation as an allowable expense, making a saving on corporation tax.

Contact fitzwygram@hamptonschool.org.uk to find out more.

Donations in Wills are removed from the value of your estate before Inheritance Tax is calculated. Additionally, if 10% or more of your estate is left to charity, your Inheritance Tax rate may also be reduced to 36%.

FIND OUT MORE ABOUT LEAVING A LEGACY TO THE FITZWYGRAM FOUNDATION (CHARITY NUMBER 1167976)

You can donate shares, equities or securities to the Fitzwygram Foundation. You can often make substantial tax savings as these donations receive income tax relief of 100% of their market value. For further information see the Gov.uk page here.

You can donate to the Fitzwygram Foundation directly from your salary, a company pension or a personal pension using the Payroll Giving scheme. This is a cost-effective way for donors to give because the donation is given before any tax is deducted. You can give to as many charities as you want under the Payroll Giving scheme, and cancel agreements at any time, if required. For further information on Payroll Giving please see the Gov.UK information page here.

You can donate to the Fitzwygram Foundation through CAF (Charities Aid Foundation) here.

Many companies have schemes through which they match an employee’s gifts to charity. If your company offers a scheme like this to enable employees to give please consider supporting the Fitzwygram Foundation.

Big brands can donate on your behalf to the Fitzwygram Foundation through EasyFundraising at no extra cost to yourself! These donations really mount up and make a big difference, so sign up and support us.