What is Gift Aid?
Gift Aid is a scheme from HM Revenue & Customs that allows us to reclaim an extra 25% on your donations made during the past 4 years, as well as on all future donations, without costing you a penny. This means that for every £1 you donate to the Kent, Surrey & Sussex Air Ambulance, the charity gets an extra 25p.
To be eligible to sign up for Gift Aid you must be a UK taxpayer and pay an amount of income and/or capital gains tax that is at least equal to the tax that the charity will reclaim on your donations within the tax year. This also applies if you pay tax on your savings, pension plan or investment income.
How can I Gift Aid my donation?
All we need from you is a Gift Aid declaration, which will not only cover your future donations but also any donations you have made in the past 4 years. To make your declaration, you can either
- Call our Community Team on 01622 833 833
- Download our Gift Aid form (above), complete it and send it to us.
Are you a higher rate taxpayer?
There is an extra benefit for you as a higher rate taxpayer as you are able to reclaim tax on the amount you have donated. We, as a charity, can claim the basic rate of tax on the value of your gift, and you can reclaim the difference between higher rate (40%) and basic rate tax (20%).
For example, if you give £100 to the Kent, Surrey & Sussex Air Ambulance, we can reclaim Gift Aid of £25, making your total gross donation £125. Being a higher rate taxpayer, you can personally reclaim a further 20% on the gross donation (the difference between the two tax bands), which in this example, is £25. This means your £125 gift to the Kent, Surrey & Sussex Air Ambulance would have only actually cost you £75.