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Gift Aid is tax relief for single cash gifts made to charities by UK residents (individuals and companies, including closed companies).
Gift Aid is available for cash donations of all values provided the appropriate election is made. |
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When you tick the Gift Aid box, we can claim back an extra 25% on all your donations made in the last 6 years, and all future donations. There is no cost to you.
From January 1st 2011, we can claim a further 25% from HM Revenue & Customs on all your donations to us.
You can give up to £5 million through the Gift Aid scheme each tax year. (The tax year runs from 6 April of one year to 5 April of the next.) Gift Aid tax relief is intended for routine gifts, not for payments to buy goods and services for the donor or his or her family.
The gift must have no strings attached, and there must be no significant benefits received by you or anyone connected with you in return for the gift.
Under the Gift Aid scheme, if you give £100 to the British Technion Society, we can reclaim tax of £25, increasing the actual value of your donation to £125 - at no cost to you.
*Cash gifts include payments made by cheque, bank transfer, online or credit card.
Gift aid is an important part of your gift to the Technion. It enables us to earn more from your donation.