About Gift Aid (UK tax payers)
Gift Aid makes a great difference to Cambridge and costs you nothing extra. For every pound donated by a UK tax payer (excluding companies), Cambridge can reclaim 25% (based on tax year 2013/14) from HM Revenue and Customs. So a £100 donation made under Gift Aid is worth £125 to Cambridge. In addition, donors who are higher-rate or additional rate taxpayers can claim personal tax relief on the difference between the higher/additional rate of tax (currently 40% and 45% respectively) and the basic rate in their Self Assessment Return. This is worth 25 pence for every pound donated by higher rate taxpayers and 31 pence for additional rate taxpayers. Gift Aid can apply to donations of any amount, large or small, made by cash, cheque, standing order, debit or credit card. You can use the calculator below to see the effect Gift Aid could have on your donation.
To make a Gift Aid donation, an individual would need to have paid or will pay an amount of Income Tax and/or Capital Gains Tax for each tax year (6 April to 5 April) that is at least equal to the amount of tax that all the Charities and Community Amateur Sports Clubs that the individual donates to and will reclaim in that tax year. You can either confirm this during the online giving process or complete and return a Gift Aid declaration form.