Gift Aid Awareness Day is an opportunity to talk about the importance of Gift Aid. Did you know that our retail team on average receive over £100,000 a year thanks to people allowing us to claim Gift Aid on their donations?
The beautiful thing about Gift Aid is really simple: if you’re a UK taxpayer, we can claim money back from the tax man at no cost to you.
We’ve put together a handy little video that shows how you can help us:
A common misconception is people thinking that gift aid will affect their tax, or result in extra tax, but this is not the case it is a tax relief.
How does Gift Aid work in Retail?
When you allow us to claim Gift Aid on your donations the following happens:
- Drop your donations of into one of our shops with the completed Gift Aid form
- We will then put them on sale in the shop
Here is the cool bit of Gift Aid:
- If your item sells for £5.00 we are able to claim £1.25 in Gift Aid
- If you collectively donate 11 items that are sold for £50.00 we are able to claim £12.50.
We’re sure that you agree it all adds up!