Other ways to give

If you had a covenant in existence at 5th April 2000, you can continue to make the payments due under that deed of covenant without completing a Gift Aid declaration, until that deed expires. The charity will claim back tax under the Gift Aid Scheme.

Income Tax relief is available for gifts to charity of certain shares and securities. This is in addition to Capital Gains Tax relief for gifts to charity of shares, securities and other assets. Only certain investments qualify for the additional Income Tax relief. This relief is available to the individual taxpayer who makes the gift, not the charity.

Employers can set up schemes enabling individual employees to obtain tax relief on donations to charities of their choice. There is no upper limit on the donation. The amount of the donation will be deducted before PAYE is operated but Class 1 National Insurance Contributions are payable on the gross salary before the donation is deducted.

Between 6 April 2000 and 5 April 2002, a 10% supplement on the amount donated by payroll giving will be paid to charities from public expenditure.

If you are still in doubt how to proceed, you may care to contact a member of the committee or the aforementioned accountants.