Gift Aid

Don’t forget …

If you are making a personal donation please make sure that you have signed a Gift Aid form. This will ensure that for every pound you donate, the RMBI can get an extra 28 pence, making your donation go even further. Download your Donation Form.

(To qualify for Gift Aid, you must pay capital gains tax or income tax must at least equal the amount we will claim in the tax year)

Answers to your Gift Aid questions

Q) How do I know if I’m a UK tax payer?

You are a UK tax payer if:

• Tax is taken from your wages or salary before you receive your pay

• You have to fill in a self-assessment form each year

• You have any taxable savings (in a Building Society, for instance), a pension plan, or investment income

• If you have recently paid any Capital Gains Tax, or expect to pay it in the near future. This could be on the sale of a property or some shares, for example.

(Please note: Inheritance tax does not count as UK income tax)

Q) What if I’m a pensioner?

You may still pay tax on a private pension plan, a savings account or pay capital gains tax, if you sell property or shares. If this is the case, please complete and return your form to declare you are a taxpayer.

Q) What if I have a Deed of Covenant?

Regular gifts through a Deed of Covenant are paid after deduction of basic rate tax. This means RMBI can claim back the basic rate tax deducted from the payment. However this is only applicable to Deed of Covenants and does not apply to any additional donations you make. Since April 2000, Deeds of Covenant has been phased out and the Gift Aid scheme introduced, which enables us to make a tax claim on all your donations at no extra cost to you.

Who to Contact

For more information on donating to the RMBI, please contact Duncan Washbrook, Fundraising Co-ordinator.