What is Gift Aid?
This is a government scheme which allows the congregation, as a registered charity to reclaim the tax you have already paid on the money you give in your offering.
How Does The Church Benefit?
While the basic rate of Income Tax is 20%, the congregations can recover tax at 25%
> £4 becomes £5
> £20 becomes £25
> £40 becomes £50
> £100 becomes £125
> £500 becomes £625
> £1,000 becomes £1,250.
If members of the congregation give £50,000 as Gift Aid contributions, the tax refund will increase this to £62,500.
If members of the congregation give £100,000, the tax refund will increase this to £125,000.
Who Can Give Through Gift Aid?
Anyone who pays Income Tax or Capital Gains Tax, which is annually at least equal to the tax which the congregation and any other charities to whom you make Gift Aid donations, will reclaim on your gifts for that year. This means, for example, if you donate £500 in total per annum, you must pay tax of at least £125 per annum.
What Is Required?
Sign a Gift Aid Declaration. These are available at Church from Fiona Lamont, Gift Aid Convener or can be downloaded and printed off at the bottom of this page.
Give your offering using Weekly Freewill Offering Envelopes, Bank Standing Order (preferred method as it is much more secure than cash) or cheque - to provide the Church with the necesssary record of your giving. This information is kept utterly confidential.
You Do Not Need.......
> To promise to give a particular amount.
> To promise to give for a specified period of time.
You can cancel your Gift Aid Declaration at any time by writing to the Gift Aid Convener (Fiona firstname.lastname@example.org).
You must also advise if you cease to pay sufficient tax, or change your name or home address.
Gift Aid Is Good Stewardship
Giving your offering as a Gift Aid contribution increases the value of your offering by 25%.
Tax recovered on Gift Aid offerings increases the annual income of Church of Scotland congregations by more than £10 million.
More money coming into the Church means more sharing of the gospel through the work of the Church.
If you have any questions or require further information, please see Fiona after worship, call her on 01355 279262 or email on email@example.com.
Your privacy is guaranteed.