Thank You Mr. Chancellor

He has abolished the £250 minimum for Gift Aid donations so that now, for every £1 you contribute, we will be able to claim an extra 28p – and you’ll get a deduction from your taxable income. Please read the notes on the Gift Aid form carefully to ensure that you are eligible.

If you wish to donate, as a company, please note that you can claim back tax but the charity cannot. In order for the charity to benefit from the gift aid scheme you should increase your donation by the amount you will be claiming back.

In addition, please note that Gift Aid can only be claimed on sponsorship where the monies are not paid by either the participant or "connected persons" to them. "Connected persons" are: wife or husband; relative (brother, sister, ancestor - e.g. mother) or lineal descendant - e.g. grandson; wife or husband of a relative.

We also welcome the abolishing of individual Gift Aid forms. You now only have to complete one form to designate all future donations to the One to One Children’s Fund as Gift Aid donations. Please complete the form now and return it to us, even if you are not ready to make a contribution just yet. It will enable you to recover tax on any donations you make to the One to One Children’s Fund in the future.

Another significant benefit is the income tax relief for donations of quoted shares (including AIM shares), securities, and unit trusts to charity. You are exempt from any Capital Gains Tax on such a gift and are able to claim income tax relief on the full value of the shares. So, if you gift shares to us that are standing at a capital gain that exceeds your annual exemption, you will receive double tax relief.

The Chancellor has done his bit, now it’s up to you!