Saturday, June 06, 2009

Give by Gift Aid and get more Tax Credit

Not a lot of people know this, as I didn't until I was informed by my Tax Advisor on Thursday.

If you give money to charity, by Gift Aid, you can subtract it from the income that you report for Tax Credit purposes.   Because Tax Credits are very income sensitive at certain levels, depending on your income and how much you give by Gift Aid, this could have a big impact on how much Tax Credit you receive.

Here are the official websites that give me some reassurance that this is correct.



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