By gift aiding your contribution, we can reclaim an additional 25p for every £1, making your gift worth even more at no extra cost to you. Gift Aid is an invaluable source of ‘extra’ income. If you qualify, please indicate your eligibility via the online donation platform as it enables us to reclaim 25p from HM Revenue and Customs for every £1 donated.
Higher-rate taxpayers donating through Gift Aid can claim back the difference between the higher rate of tax and the basic rate of tax on the total value of their donation to Wycombe High School via their Self Assessment Form or ask HM Revenue & Customs to adjust your tax code.
We reclaim the tax by forwarding details of your gift to the Inland Revenue. The table below outlines the benefits of giving for higher-rate taxpayers.
Donation Amount | Basic Rate Taxpayer (20%) | Higher Rate Taxpayer (40%) | Additional Rate Taxpayer (45%) |
|---|---|---|---|
£100 | £125 | £125 | £125 |
Gift Aid Claimed by Wycombe High School | £25 | £25 | £25 |
Cost to Donor | £100 | £75 | £68.75 |
Total Benefit to Wycombe High School | £125 | £125 | £125 |
If your circumstances or details change
Please notify us if you want to cancel this declaration, change your name or home address or no longer pay sufficient tax on your income and/or capital gains.
Match giving, or match funding is a simple way to maximise the donations you have raised/gifted to the school. In most cases, a company pledges to match a sum of money relating to the amount the employee has either raised or donated to a charity.
As an exempt charity under Schedule 2 of the Charities Act 1993, your one-off or regular donations to the school could be increased by up to 100% in this way. In most cases, the company will match your donation pound for pound up to a specific level.
Banks, building societies, supermarkets and large corporations are likely to match funding, but these schemes are not exclusive to the major corporate giants. A match funding scheme can be adopted by any company, no matter how big or small.
As part of their Corporate Social Responsibility programmes, many independent companies give through match funding too or may be interested in doing so.
BP (British Petroleum)
HSBC
Barclays
GlaxoSmithKline (GSK)
Vodafone
Unilever
Lloyds Banking Group
BT Group
Tesco
Marks & Spencer
PwC (PricewaterhouseCoopers)
Deloitte
KPMG
Ernst & Young (EY)
Arriva
If you can’t help at this time, but you know the company you work for has a match funding policy, please let us know. This could be a really large source of income for the school to cover essential costs.
Under the Payroll Giving Scheme, employees can authorise their employer to deduct charitable donations from their pay before calculating the Pay As You Earn tax. This means that the employee automatically gets tax relief on donations at his or her top rate of tax. There is no limit on the amount that can be given under the scheme.
To find out more about Payroll Giving and if your company operates the scheme, please contact your human resources department. For more information visit the HMRC Section on Payroll Giving.
As an Academy, Wycombe High School is an exempt charity under schedule 2 of the Charities Act 1993.
We are also recognised as charitable by HM Customs and Revenue (HMRC Reference XT34915) and can reclaim Gift Aid on donations made by a UK taxpayer, provided the donor has paid an amount of Income Tax and/or Capital Gains Tax for the tax year in which the gift was made that is at least equal to the amount of tax that all the charities they have supported will reclaim for the same period.
Director of Finance & Resources
office@whs.bucks.sch.uk
01494 523 961
