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Gift Aid
By gift aiding your contribution we can reclaim an additional 25p in every £1, making your gift worth even more at no extra cost to you. Gift Aid is an invaluable source of ‘extra’ income. If you qualify, please fill in the Gift Aid declaration form as it enables us to reclaim 25p from HM Revenue and Customs for every £1 donated.
Higher-rate taxpayers donating through Gift Aid can claim back the difference between the higher rate of tax and the basic rate of tax on the total value of their donation to Oakham School Foundation via their Self-Assessment Form. For example:
You donate £100 to the Oakham School Foundation and we claim Gift Aid to make your donation £125. You pay 40% tax which allows you to personally claim back £25 (£125 x 20%). The net result is that the Oakham School receives £125 and the cost to you as a higher-rate tax payer is £75.
We reclaim the tax by forwarding details of your gift to the Inland Revenue.
+ For more information, you may wish to visit the HMRC Website
+ For more information on the gift of shares, please refer to this link
+ If 10% or more of your estate is left to the Oakham School Foundation, your inheritance Tax Rate may also be reduced. For more information, please see here
Please note that Oakham School cannot offer financial advice, and we strongly recommend that you seek advice from your own financial advisor, solicitor or accountant.
