Gift Aid
- If you are a UK tax payer, you can make every £1 you give - or have given - worth 25p more, just by telling us. This is because, if you make a Gift Aid Declaration when donating to the University, HM Revenue and Customs will increase your gift to us by 25p for every £1 you give. This means that you can make an even bigger difference at no extra cost to you!
- So, if you give £10 a month to GCU, after one year, your donation will grow from £120 to £150.
- If you pay higher rate tax*, you may reclaim the difference between the basic rate and higher rate of tax on the gift value through your self-assessment tax return. This could enable you to make a larger gift at no additional cost.
- For instance, a £1,000 gift will cost only you between £688 and £750 depending on your tax level while GCU still receives £1,250 with Gift Aid.
- * Higher rate tax of 40% is applied to salaries of £32,011- £150,000, 45% rate to salaries over £150,000
If you are a UK taxpayer, you can significantly increase the value of your gift at no extra cost by signing a Gift Aid declaration. Gift Aid enables the University to reclaim the tax you have already paid on your gift. This means we can claim an extra 25p for every £1 you donate. Therefore a gift of £1000 is worth £1250 to Glasgow Caledonian University.
If you are a higher rate taxpayer, you can benefit further by claiming the difference between the rate you pay and the basic rate on your gift. Please note that it is the donor’s responsibility to ensure that enough tax has been paid to qualify for Gift Aid. If you have not paid enough tax to cover the tax deducted from your Gift Aid donations, HMRC may ask you to pay the difference. You can review HMRC’s guidance on Gift Aid here.
Use our calculator to find out how much your Gift Aid contribution is worth and how much you could reclaim if you are a higher rate taxpayer.