HOW CAN I GIVE?
As a church we want to be as generous as we can, but as ever we’re going to need your help to make that possible.
Give as you earn
Through your employer’s payroll scheme ‘Give As You Earn’
Click charities trust and find out more
If you give via Payroll Giving then, because you are giving ‘pre-tax’, you are able to pass on the full benefit of your tax to ExploreChurch immediately; so, if you are a higher rate taxpayer, ExploreChurch will receive 42p more per £1 of donation and, for additional rate taxpayers, ExploreChurch will receive 57p more per £1 of donation than if you give through Gift Aid. Because these donations are made ‘pre-tax’, ExploreChurch does not have to reclaim the tax that you pay via Gift Aid. This means that you have to build in the ‘tax-back’ element to your donation.
For example, if you are a higher rate taxpayer and currently give ExploreChurch £300 a month, ExploreChurch is able to claim £75 of your tax back via Gift Aid. If you donate £500 via Payroll Giving you will receive £300 less pay each month, meaning your £500 donation will cost you the same as your current giving, but ExploreChurch will receive £125 more. The same result can be achieved by your filling in a self assessment tax return and re-claiming the difference between the tax recovered via gift aid and the tax the you have actually paid. However, this requires you to actually fill in a tax return and takes longer for the gift to be received.
UK tax payers: If you are a UK tax payer (Income or Capital Gains Tax) and would like us to be able to claim back the basic rate tax through the government’s gift aid scheme, you will need to fill in, sign and return to us an ongoing Gift Aid declaration if you have not done so already. The benefit to ExploreChurch is that it can recover the basic rate of income tax, currently 25p for each pound given at no extra cost to you. (If you pay higher rate tax, you may recover this through your own tax return)
Higher rate UK tax payers: if you pay higher or additional rate tax, you may recover this through your own tax return. Alternatively, you may pass on this extra tax to ExploreChurch by giving via your employer’s payroll giving scheme (Payroll Giving)
If you are a UK higher rate (40 per cent) or additional rate (45 per cent) income tax payer and you give to ExploreChurch directly and allow us to reclaim the basic rate tax through Gift Aid then you may recover, through your tax return, the difference between the basic rate tax that ExploreChurch recovers and the higher or additional rate that you have paid
If you give via Payroll Giving then, because you are giving ‘pre-tax’, you are able to pass on the full benefit of your tax to ExploreChurch immediately – see under ‘Give As You Earn – Payroll Giving’ for more details
IF YOU REQUIRE MORE INFORMATION, PLEASE FEEL FREE TO CONTACT US AT MONEY@EXPLORECHURCH.CO.UK OR CALLING US ON 01923 711895