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King Edward's School BATH

Gift Aid

If you are a UK taxpayer, the School can reclaim tax on your donations at no extra cost to you. This is worth an extra 25p for each pound you donate. 

In addition, if you are a higher rate tax payer you can reduce the real cost of your donation through reclaiming the balance between standard and higher rates of tax by including all your Gift Aid donations on your self-assessment tax return. 

Donations from companies are not eligible for Gift Aid. However, the company can treat the gift as an allowable expense, making a saving on corporation tax.

Gift Aid donations
Your gift to the School Total value of your gift with Gift Aid Actual cost of your gift for higher rate taxpayers

 

40% tax payer

45% tax payer

£100

£125

£75

£68.75

£500

£625

£375

£343.75

£1000

£1250

£750

£687.50

£5000

£6250

£3750

£3437.50