If you are a UK tax payer, you can make every £1 you give - or have given - worth 25p more, just by telling us. This is because, if you make a Gift Aid Declaration when donating to the University, HM Revenue and Customs will increase your gift to us by 25p for every £1 you give. This means that you can make an even bigger difference at no extra cost to you!
So, if you give £10 a month to GCU, after one year, your donation will grow from £120 to £150.
If you pay higher rate tax*, you may reclaim the difference between the basic rate and higher rate of tax on the gift value through your self-assessment tax return. This could enable you to make a larger gift at no additional cost.
For instance, a £1,000 gift will cost only you between £688 and £750 depending on your tax level while GCU still receives £1,250 with Gift Aid.
* Higher rate tax of 40% is applied to salaries of £32,011- £150,000, 45% rate to salaries over £150,000