United Kingdom

UK Tax Efficient Giving

Donations by UK taxpayers to The Diocesan College Trust are eligible for tax relief.

If you are a UK tax payer, we can receive 25p for every £1 you donate. That means that your £100 donation is worth £125 to the Trust.

In addition, if you pay tax at the higher rate you can claim further tax relief in your Self Assessment tax return.

This is because the UK government’s Gift Aid scheme allows us to reclaim tax on donations. For your donation(s) to be eligible for Gift-Aid you must pay an amount of income tax and/or capital gains tax for each tax year (6 April one year to 5 April the next) that is at least equal to the tax that the Trust reclaims on your donations in the appropriate tax year.

Your gift makes a big difference

Giving a one-off gift can make an immediate impact to our fundraising and be convenient and tax-efficient for the donor. A regular gift, whether monthly or annually, can help allow the School to plan for the future andencourage wide participation across the Bishops community.

We are enormously grateful for the support of all our donors who have given a one-off gift or pledged to give on a regular basis. It does not matter how small or large, every gift makes a difference and brings us closer to achieving our goal of excellence.

Tax-efficient giving

The tables below shows how Gift Aid can greatly increase the total donation that the School receives. They also show how tax relief can reduce the net cost of the donation to you. For example, if as a 45% rate tax-payer you donate £10,000, the School receives £12,500 thanks to the 25% Gift Aid amount. The tax relief you receive reduces the donation ‘cost’ from £10,000 to £6,875.

For more information on the Gift Aid scheme please go to: http://www.hmrc.gov.uk/individuals/giving/gift-aid.htm

Disclaimer

Please note: Bishops is not a registered financial advisor. The Information is not intended to be and does not constitute financial advice or any other advice. It is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered tax professional and undertake your own due diligence

The Diocesan College Trust
Charity Registration Number: 275618
Trustees: BWC McGregor (Bruce), GDM Thomas (Graham), C Bands (Chris), C Molteno (Chris), N Carroll (Niall),
S Hofmeyr (Stephen).
Organisational Status: Charitable Trust, governed by a Trust Deed dated 15 December 1977
Contact: bwcmcgregor@gmail.com, graham@gthomas.org

Bank Account Details
Account Name: The Diocesan College Trust
Bank: The Royal Bank of Scotland
Account No: 19259386
Sort Code: 83 04 25