Tuesday, November 30

Give your charity donation a tax boost

Extract . . .

It's important to make the most of the money you are giving to charity. If you want to maximise the cash you are giving you need to be canny.  Tax rules might seem a world away from helping poverty stricken children, but by knowing what is what, your donation could help more people. For a start, there's Gift Aid, from which charities are able to claim an additional 25p from every £1 donated by UK taxpayers. Those in the 40p tax bracket can claim the rest of the tax on their donations back through their tax returns.

Read more here
http://www.telegraph.co.uk/finance/personalfinance/consumertips/8146054/Give-your-charity-donation-a-tax-boost.html?sms_ss=email&at_xt=4ce6adba06a9a7cc,0

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