Regular Giving
Regular donations can be made by Standing Order on an annual, quarterly or monthly basis according to the donor's wishes. If the donor is a UK taxpayer, the School can reclaim 20% in basic rate income tax paid on regular donations. Donors paying higher rate tax can personally reclaim the difference between the basic (20%) and higher (40%) tax rates in their self-assessment tax returns.
Complete information on Gift Aid, including reclaims for higher-rate taxpayers, can be found at the Directgov website.
In 2009, the UK Government announced a 50% top rate of tax (with no available reliefs) for individuals earning over £150,000 per annum. Under the Gift Aid Scheme, a donor to The Leys can claim the difference between the basic and top rates of tax against their personal income tax liability. Donors may also choose to allow The Leys to receive tax reclaimed in this way through their self-assessment tax returns. Please contact The Development Office if you would like further information on tax-efficient giving.
The following table gives an indication of how a contribution to The Leys could be spread over a number of years, including available tax reliefs.
| Monthly Payment for 7 Years | Monthly Payment for 4 years | Single lump Sum | Gross Value including Gift Aid | Actual total cost to 40% taxpayer | Actual totalcost to 50% taxpayer |
|---|---|---|---|---|---|
| £238.10 | £416.67 | £20,000.00 | £25,000.00 | £15,000.00 | £12,500.00 |
| £200.00 | £350.00 | £16,800.00 | £21,000.00 | £12,600.00 | £10,500.00 |
| £150.00 | £262.50 | £12,600.00 | £15,750.00 | £9,450.00 | 7,875.00 |
| £100.00 | £175.00 | £8,400.00 | £10,500.00 | £6,300.00 | £5,250.00 |
| £95.24 | £166.67 | £8,000.00 | £10,000.00 | £6,000.00 | £5,000.00 |
| £75.00 | £131.25 | £6,300.00 | £7,875.00 | £4,725.00 | £3,937.50 |
| £50.00 | £87.50 | £4,200.00 | £5,250.00 | £3,150.00 | £2,625.00 |
| £30.00 | £52.50 | £2,520.00 | £3,150.00 | £1,890.00 | £1,575.00 |
| £23.81 | £41.67 | £2,000.00 | £2,500.00 | £1,500.00 | £1,250.00 |
| £20.00 | £35.00 | £1,680.00 | £2,100.00 | £1,260.00 | £1,050.00 |
| £10.00 | £17.50 | £840.00 | £1,050.00 | £630.00 | £525.00 |