We constantly rely on the generosity of our supporters to help fund the vital research carried out by our dedicated medical team at Southampton General Hospital. The kindness and support that people show by making donations and taking part in events, is greatly appreciated by everyone at AAIR. We are very proud of our department and the exceptional work carried out by our medical team to help secure a better future for asthma and allergy sufferers and their families.
Tax-efficient giving - making your gifts go further
Almost 70% of the population in the UK give to charity, but only one in three do so tax-efficiently. As a result donors and charities alike are missing out on millions of pounds in very generous tax reliefs.
Gift Aid your donation and boost its value by 28%
You just need to give a simple Gift Aid declaration to the charity and pay enough tax (income/capital gains) in the current financial year to cover the amount reclaimed. The charity then claims back the basic rate income tax you have already paid. If you are a higher rate taxpayer, you can claim a personal benefit worth 23 pence for every £1 donated. You can either claim this as a personal benefit or choose to give it to charity.
You give £1 …….the charity gets £1.28
You give £100…..the charity gets £128.00
Payroll Giving
If you give through your payroll, your gift is made from your salary before it is taxed. So a monthly gift of £20 will cost you only £15.60 from your net pay and a higher rate taxpayer only £12. Anyone who is paid through PAYE can use payroll giving to donate to charity. However, your employer must have a payroll giving scheme in place for you and your colleagues to make donations in this way. Information for employers can be found at
www.payrollgivinggrants.org.uk. There is a grant available to companies to put the scheme in place to enable their staff to contribute in this tax-efficient way.
- 1 - 199 employees £300
- 200 - 249 employees £400
- 250 - 499 employees £500
Legacies
Charitable legacies are donations made as part of your will. They are paid before inheritance tax is deducted, reducing the total amount of tax paid on the estate. Legacies can be set up through a solicitor or with CAF (Charities Aid Foundation).
Tel. 01732 520 000
Share Giving
Giving shares and securities to charity is a great way of unlocking capital and passing it on to good causes. Since April 2000, gifts of shares have been both eligible for full personal income tax relief and exempt form capital gains tax. If you are a basic rate taxpayer, a gift of £1,000 listed shares could reduce your income tax bill by £220 and by £400 if you are a higher.
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