In most countries, charitable donations reduce taxable income. In the UK, Gift Aid lets charities reclaim 25p per 1 GBP donated, while higher-rate taxpayers claim the difference through Self Assessment.
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Pro Tip
Donate in high-income years when your marginal rate is highest - the relief is most valuable then.
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Did You Know?
Gift Aid has been in place since 1990 and generates around 1.5 billion GBP extra for UK charities annually.
References
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