Making a gift by Gift Aid is a tax efficient method which benefits both Queen Elizabeth's Foundation for Disabled People and you, the donor.
Queen Elizabeth's Foundation for Disabled People Trust receives 25p per £1 donation Gift Aid tax from the government.
By ticking this box you are giving Queen Elizabeth's Foundation for Disabled People permission to reclaim the tax on this and all donations that you have made since 6 April 2000 and all that you make from now on. To do this, you must pay an amount of UK income tax or capital gains tax equal to any tax being reclaimed.
If you are a higher rate tax payer, you can reclaim tax relief on your gross donation at the difference between the higher and lower rates of tax.
In this way, a donation of £50 for example is worth £62.50 to Queen Elizabeth's Foundation for Disabled People but only costs £37.50 to a 40% tax payer:
Donation = £50
Gross donation amount incl 25% gift aid = £62.50
Tax relief claimed by a 40% tax payer = 20% (40% - 20% basic rate)
Tax relief claimed = £12.50 (£62.50 x 20%)
Cost to donor = £37.50 (£50 - £12.50)