Example: you make a cash gift (with gift aid) of £1,000 to Fitzwilliam College
A Basic Rate Taxpayer: £1000 (gift amount) | £250 (gift aid) | No tax reclaim
Final cost to donor = £1000 | Benefit to Fitzwilliam = £1250
A Higher Rate Taxpayer: £1000 (gift amount) | £250 (gift aid) | £250 (tax reclaim)
Final cost to donor = £750 | Benefit to Fitzwilliam = £1250
Additional Rate Taxpayer: £1000 (gift amount) | £250 (gift aid) | £312.50 (tax reclaim)
Final cost to donor = £687.50 | Benefit to Fitzwilliam = £1250
For more information please contact development@fitz.cam.ac.uk.