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Charitable Giving
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2001/02 - 2002/03 |
| Give As You Earn |
No Limit |
Notes
- Employees may authorise participating employers to deduct
donations from their gross salary for forwarding to their
nominated charities.
- Employees receive tax relief in full on their donations.
| Gift Aid |
No lower or upper limit |
Notes
- Individuals are able to claim higher rate relief on cash
gifts and payments to charities under gift aid. Basic rate
tax is treated as having been deducted, so you must pay
enough tax for the year to cover the tax witheld from your
Gift Aid payment.
- Special tax reliefs apply to gifts to charities of certain types of shares and securities.
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