GIVING THROUGH YOUR PAY OR PENSION

You can give money to charity directly from your pay, a company pension or a personal pension using the Payroll Giving scheme. This is cost-effective for donors because the donation is given before any tax is deducted. You can give to as many charities as you want under the Payroll Giving scheme, and cancel agreements at any time, if required.

COMPANY MATCHING GIFT SCHEMES FOR PAYROLL GIVING

Many companies will match an individual employee’s gift to a charity. If your company offers this scheme to enable employees to support the College, please inform the Community Office.

GIFTS OF SHARES, EQUITIES AND SECURITIES

By gifting shares or securities to Wellington College, you can make substantial savings in both capital gains tax and income tax, as donations of shares receive income tax relief of 100% of their market value.

GIVING VIA CAF OR CHARITABLE FOUNDATIONS

Wellington College is always grateful for any donations given via CAF or other charitable foundations. Please make CAF cheques payable to Wellington College. Our charity number is 309093.

GIFTS FROM OVERSEAS

If you are resident in the US, Wellington accepts gifts through the BSUF and CAF America in order to maximise the tax benefit to our US donors. If you would like to find out more please contact the Community Office: community@wellingtoncollege.org.uk

TAX-EFFICIENT GIVING

Gift Aid

If you are a UK tax payer, giving to Wellington College with Gift Aid enables us to increase the value of your gift by up to 25%, at no additional cost to you. To make a Gift Aid donation, you must pay at least as much Income Tax and / or Capital Gains Tax as the amount of tax reclaimed by College. This is currently 25 pence for every pound donated. Higher-rate tax payers who make a donation through Gift Aid can claim some tax back.

Higher Rate Tax Payers and Gift Aid

Donors paying higher rate tax can claim the difference between the higher rate of tax (40 and/or 45 %) and the basic 20 % rate of tax on the total gross value of the donation. You can make this claim on your Self Assessment tax return by completing the section on Gift Aid payments. Otherwise, details can be given on form P810 Tax Review.

The tables here show how Gift Aid can greatly increase the total donation that the School receives. They also show how tax relief can reduce the net cost of the donation to you. For example, if as a 45% rate tax-payer you donate £10,000, the School receives £12,500 thanks to the 25% Gift Aid amount. The tax relief you receive reduces the donation ‘cost’ from £10,000 to £6,875.

For further information on giving to Wellington College please contact us on +44 (0)1344 444023 or community@wellingtoncollege.org.uk