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In addition to the school receiving an additional 25p for every £1 donated from UK Taxpayers via Gift Aid, donors are eligible for income tax relief as outlined below:
Based on 40% Tax Rate
| Net Value of Gift | Gross Value of Gift | Donor Tax Relief | Actual Cost of Gift |
|---|---|---|---|
| £1,000 | £1,250 | £250 | £750 |
| £5,000 | £6,250 | £1,250 | £3,750 |
| £25,000 | £31,250 | £6,250 | £18,750 |
| £250,000 | £312,500 | £62,500 | £187,500 |
| £1,000,000 | £1,250,000 | £250,000 | £750,000 |
Based on 45% Tax Rate
| Net Value of Gift | Gross Value of Gift | Donor Tax Relief | Actual Cost of Gift |
|---|---|---|---|
| £1,000 | £1,250 | £313 | £687 |
| £5,000 | £6,250 | £1,563 | £3,437 |
| £25,000 | £31,250 | £7,813 | £17,187 |
| £250,000 | £312,500 | £78,125 | £171,875 |
| £1,000,000 | £1,250,000 | £312,500 | £687,500 |