Gift Aid

What is Gift Aid?

Gift Aid is a tax relief allowing UK charities to reclaim an extra 25% on every eligible donation made by a UK taxpayer.

Can I Gift Aid my donation?

Yes, provided you pay income or capital gains tax*.

* N.B. The amount you pay in income tax or capital gains tax must be at least equal to the amount The Ulysses Trust and other charities and community amateur sports clubs will claim in the appropriate tax year (6 April one year to 5 April the next).

I’m a higher-rate tax payer, does that make a difference?

Yes, you can claim back the difference between the rate you pay and basic rate on your donation.

What does this all mean in practice?

You make a gift of £500 to The Ulysses Trust and Gift Aid your donation. The Ulysses Trust reclaims tax of £125 on your donation and your gift increases to £625 at no extra cost to you.

Higher rate tax payers: If you pay tax at 40% and make a gift of £500 to The Ulysses Trust, we can reclaim tax of £125 and you can reclaim a further 20% (the difference between basic rate tax @ 20% and the higher rate of 40%). This means:

  • The Ulysses Trust reclaims £125
  • You reclaim £100

Result: Your gift of £500 is worth £625 to The Ulysses Trust and costs you £400

What do I have to do?

Online gifts: When you donate, you’ll be asked for your contact details and to confirm whether or not you are a UK taxpayer.

Postal gifts: Please complete the Gift Aid section of the donation form.

If you pay higher rate tax and you want to receive the additional tax relief you must include all your Gift Aid donations on your Self-Assessment tax return or ask HM Revenue and Customs to adjust your tax code.

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