Gift Aid

Gift Aid allows UK charities to claim back the basic rate tax already paid on donations by the donor. This means Age Concern can claim back from the government on your behalf 25p for every £1 donated, boosting the value of the donation by a quarter!

Age Concern

How does Gift Aid work?

When a UK taxpayer gives a gift of money to a charity, tax has already been paid on that money. Because you are exempt from tax, we can claim this money back from HM Revenue & Customs (HMRC) and give it to you.

How is Gift Aid calculated?

Get ready for the maths – you may need a calculator for this one.

Under HMRC’s Gift Aid scheme, charities can reclaim an amount equal to basic rate tax (20%) on the amount of the donation, plus basic rate tax already paid by that taxpayer on that donation. To do this, you need to use a ‘grossing up’ fraction.-Let’s take a £100 donation as an example.

The fraction applied to calculate Gift Aid is 100 x 20/80. This is 25% of £100 which equals £25.

When making financial donations(embed link) the website will guide you through an electronic gift aid declaration. When donating items to our shops, you will be given a paper declaration to complete. We are required to collect this information in order to identify you as a UK tax payer.

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