If you are a taxpayer and use Gift Aid for 'donations' to the UKPSA, as a registered charity we reclaim tax on that donation.
If you are a higher rate taxpayer, you can also claim additional tax relief on these donations.
How Gift Aid works
Gift Aid donations are treated as having had basic rate tax deducted - which the UKPSA can reclaim.
So for every £10 you give, the UKPSA will receive another £2.50 from the government. This is good for the Association.
However, for the UKPSA to claim this you have to:
Higher rate taxpayers
If you pay higher or additional rate tax, you can personally claim relief based on the difference between the basic and higher rates.
For example, if you pay tax at the higher or additional rate, you can include the donation on your personal tax return and it has the effect of increasing the basic rate tax band, so you effectively get relief at your highest marginal tax rate.
Bear in mind.
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