If you are a UK tax payer then by signing a Gift Aid declaration you will enable us to add 25% onto the value of your contribution. This helps the school with the administration cost of the programme and ensures that every penny you donate can go towards your children’s learning programme rather than pay for overheads.
Gift Aid is effectively a tax refund from the Government and is based on the income tax you have already paid. It is currently worth 25p for every £1 you donate. This is why your child’s school is working with us at the Learning Foundation as we have the processes and systems for doing this. If everyone who can completes the Gift Aid declaration then we can avoid having to use some of your donation for the running costs of the programme.
Gift Aid only applies to school programmes that invite a voluntary donation; it does not apply if you have to agree to pay in order for your child to have access to a computer. It can also only be collected by a registered UK Charity.
Some common questions about Gift Aid:
How can I make sure my school benefits from Gift Aid?
Simply complete the ‘Gift Aid declaration’ section of the donation form that your school will give you. If you cannot find this please contact your school in the first instance or you can call us.
What is a Gift Aid declaration?
It is a statement by an individual taxpayer in the UK that they are happy for a charity to claim back tax they have already paid on the money they used to make the donation. The tax you pay during the year must be more than the total value of your donations to us and to any other UK charity.
How long does the declaration last for?
The declaration wording covers present, future and past donations.
What does the Gift Aid declaration commit me to?
Absolutely nothing! It simply lets the charity claim an extra 25% on top of your donation that we can put back into the programme.
Do I qualify?
For every £1 you donate to the Learning Foundation in a financial year, you must have paid 25p in income or capital gains tax in the same financial year. You pay these taxes if:
- Income tax is taken from your wages or salary before you receive your pay
- You pay tax after filling in a self-assessment form each year
- You have any taxable savings e.g. in a building society or pension plan
What if I don't pay UK tax?
If you do not pay any tax in the UK you should not make a Gift Aid declaration.
What if I'm a lower rate taxpayer?
If you pay a lower rate, the charity can still claim Gift Aid on your donation, provided you pay enough tax during the year to cover the claim in the tax year you make the gift(s).
What if I'm a higher rate taxpayer?
If you declare your donations on your self-assessment tax return, you can claim a rebate based on the difference between the higher rate and the basic rate. The form also allows you to nominate a charity to receive any rebate due. So please consider this simple way to add even more to your donation to the Learning Foundation.
What should I do if my tax status changes?
If you start paying tax please send us your Gift Aid declaration. If you no longer pay tax, please remember to tell us right away.
Who will have access to this information about me?
Only your school, the Learning Foundation and the Inland Revenue. We will not share it with anyone else.