Psalm 40:3 ... many will see and fear and put their trust in the Lord.

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GIFT AID


    

     Gift Aid is a way of giving that enables the Forty:Three Trust to reclaim tax you have paid from the government. For every pound donated, the Trust can reclaim
     an additional 25 pence. Thus a donation of £1 is worth £1.25 to the Trust. For this to happen, you must pay tax at least equivalent to the amount the Trust will
     claim. All you have to do is to complete a simple Gift Aid declaration form, telling us that we can reclaim the tax. Click the button below to download the form.


 Gift Aid Form (PDF)

     Alternatively, contact the office and we will send you a form.  

     You can also Gift-Aid if you donate using the Charity Choice website

     To allow the 40:3 Trust to benefit in this way is good stewardship and we encourage all supporters who are taxpayers to use Gift Aid when sending donations.

     How it works for basic rate taxpayers

     If you earn £1.25 and pay basic rate tax, the government will take 25p and you will take home £1. If you give that £1 to the Forty:Three Trust under Gift Aid, we
     can reclaim the 25p tax that you paid so that we receive a total of £1.25 at a cost to you of only £1.

     Higher rate taxpayers

     If you are a higher rate tax payer, you can reclaim from HMRC an amount of tax corresponding to the difference between the standard and higher rates of tax 
     (20% and 40% respectively in 2009/10). This means that as a higher rate taxpayer you can give a larger donation to the Forty:Three Trust at the same cost to
     yourself. If, instead of £1, you give £1.33 the Trust will receive £1.66 with Gift Aid. You can claim 33p tax relief so that the net cost to you is £1.

     Making use of the tax laws in this way is a very effective way of giving for higher rate taxpayers.

     Payroll Giving

     Ask your employer if they offer this facility (or would be willing to do so). Your donation is deducted from your pay by your employer and paid over to an agency
     who pay it on to the charity of your choice. It is easy and a painless way of giving.

     For taxpayers, payroll giving, like Gift Aid, is tax efficient but it works differently. Instead of you paying tax and us reclaiming it the donation is deducted from  
     your pay before tax is calculated.

     To achieve the same result as the example above for Gift Aid you need to give £1.25 by payroll giving. We receive the £1.25 and your take home pay is reduced
     by £1 (because the government would have taken the other 25p in tax).

     Higher rate taxpayers should give £1.66, which will also cost you £1 as the government would take 66p in tax.


   

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