Wealth does not diminish by giving in Charity - Hadith


What is Gift Aid?

   Gift Aid is a scheme available to Charities and Community Amateur Sports Clubs (CASCs). It means they can claim extra money from HMRC.
   The charity can claim an extra 25p for every £1 you donate. That’s as long as you’ve paid the basic rate of tax and make the donation from your own funds.
   Gift Aid is important for charities, and means millions of pounds extra go to the charity sector.


How Does It Work?

If you contribute £100 in the usual manner, by activating Gift Aid, As-Salaam Foundation can claim an additional £25 from HMRC, thereby increasing the value of your donation by a quarter (25%).

What is the duration of validity for the declaration?

The declaration typically encompasses past, present, and future donations. Regarding past donations, this allows As-Salaam Foundation to make retroactive claims for up to four years.

Who is eligible to use the Gift Aid scheme?

Individuals in the UK who have paid or will pay an amount of Income Tax and/or Capital Gains Tax for the tax year that is at least equal to the amount of tax that the charity will reclaim on their gifts for the current tax year are eligible to utilize the Gift Aid scheme for their donations.

How do I sign up for Gift Aid?

To enable us to claim Gift Aid on your donations, your consent is required. You can provide consent by ticking the relevant box when making a donation, or by completing a Gift Aid declaration form. The form must include your name, residential address, including house number and post code.

Is it possible to claim Gift Aid on funds raised from fundraising events?​

Donations that are ineligible for Gift Aid include those made with a company’s funds or funds belonging to others. This encompasses amounts raised through fundraising activities, such as bake sales. Consequently, the charity cannot claim Gift Aid on these funds.

Can Gift Aid be claimed for individuals who pay tax at the higher rate?