Tax Tip #10 CONSIDER CHARITABLE DONATIONS

Mar 22, 2016 | Tony Byrne's View

money-652560_960_720If you make a Charitable Donations under the Gift Aid scheme, this can result in significant benefits for both you and the charity.

As an example, if you give £100 to a charity using Gift Aid, your donation will be worth £125 to the charity and if for example, you pay 40% tax, you can personally claim back £25 (£125 x 20%).

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