Gift Aid on Your Donation
Gift Aid is a simple way for you to increase the value of any gift you make to the PKD Charity - provided you are a UK taxpayer.
How does Gift Aid work?
When a UK taxpayer gives a gift of money to a charity, they have already paid tax on that money. Charities can claim an amount from HMRC (HM Revenue & Customs) equal to the tax paid on that money by the donor. This repayment is known as Gift Aid.
Gift Aid is reclaimed by the PKD Charity from HMRC based on the taxes you pay for the current tax year. If you pay less Income Tax or Capital Gains Tax than the amount of Gift Aid claimed on all your charitable donations in any tax year, then it is your responsibility to pay any difference.
Please note that Gift Aid can only be reclaimed from an individual.
Gift Aid cannot be reclaimed on the following:
- donations from a company, school or other organisation
- donations from family members
- collections at an event and paid to the charity as a single amount from an individual
- money collected in a collection box, or tin and donated as single amount from an individual
- proceeds from the sale of goods or services (eg a bake or craft sale, auction or raffle)
- donations resulting from the sale of a ticket to an event.
How much is Gift Aid worth to the PKD Charity?
We can claim 25p for every £1 that you donate to the charity. This means, for example, that if you give £20 to the PKD Charity and you are a UK taxpayer, your gift will be worth £25.
For us to claim Gift Aid, you need to make a Gift Aid Declaration
A Gift Aid Declaration is a statement by a UK taxpayer asking for your donation to be treated as a Gift Aid payment, so that we can claim the 25p in every £1. Download the Gift Aid Declaration here.
Information for higher rate taxpayers
If you pay higher rate tax, you can claim the difference between the higher rate of tax 40 and/or 45 per cent and the basic rate of tax 20 per cent on the total 'gross' value of your donation to the PKD Charity.
For example, if you donate £100, the total value of your donation to the charity is £125 - so you can claim back:
£25 - if you pay tax at 40 per cent (£125 × 20%)
£31.25 - if you pay tax at 45 per cent (£125 × 20%) plus (£125 × 5%)