What is Gift Aid ?
Using Gift Aid means that for every pound you give to The Great Generation, we will receive an extra 28 pence from the government. This means that a £10 Gift Aid donation, is worth £12.80 - imagine what a difference that could make, and it doesn't cost you a thing!
Gift Aid is surprisingly easy to use. Gift Aid can apply to donations of any amount, large or small, by cash, cheque, postal order, direct debit, standing order, debit or credit card or even in a foreign currency (including the euro). Providing you pay as much tax (income and/or capital gains) as the charities will be entitled to reclaim on your donations in the same financial year, you are entitled to use Gift Aid. For example, if you wish to Gift Aid your charitable donations that total £100 in one year, you will need to have paid at least £28 in to the taxman in respect of that tax year. For further information on Gift Aid legislation, visit the Inland Revenue website.
