I’m in line for a nice bonus and would like to donate some of it to charity. What’s the best way?
The taxman shows a kindly streak when it comes to giving to charity. Money gifts receive 28 per cent extra from HM Revenue & Customs if you fill out a Gift Aid form. For every £100 you put in, the charity can claim back £28.20 of basic rate tax from the Revenue. Higher-rate taxpayers can reclaim a further £23.08 (ie 18 per cent of the gross donation of £128.20) on their tax return. Non-taxpayers can’t use Gift Aid, as there’s no tax to claim back.

YOUR MONEY 

