Tax-Efficient Giving

There are many ways in which you can make your gift to Oriel go further. Oriel College is a registered charity (no. 1141976) which means that the value of your gift can be increased thanks to a variety of tax breaks.

If you are a UK tax-payer you can enhance your gift to Oriel by allowing us to claim back Gift Aid on your donation.

If you are donating from Europe, please visit our page on Transnational Giving Europe to see if there is a tax-efficient giving scheme in your country.

If you are donating from anywhere else in the world, please visit our page on giving from abroad.

Gift Aid
Payroll Giving or Give As You Earn (GAYE)
Employer Matched Giving
Legacies
Making a Gift of Shares

Gift Aid

Allowing us to add Gift Aid to your donation means we can make your gift go even further, at no extra cost to you. For UK taxpayers, Oriel College can reclaim basic rate tax on all gifts, provided that you have paid an amount of UK Income Tax and/or Capital Gains Tax equal to the tax we reclaim. This means that every £100 donated is worth £125, and the difference is paid by HM Revenue & Customs at no cost to you. All you have to do is tick the Gift Aid box when giving online or sign the Gift Aid declaration on your giving form. If you pay tax at the higher rate, you can claim further tax relief on your self-assessment tax return.

Payroll Giving or Give As You Earn (GAYE)

Payroll Giving is a flexible scheme that enables you to make charitable donations straight from your gross salary (before tax has been deducted). This means that you get immediate tax relief on the value of your donation. The scheme also applies to pensions paid by registered employers. To set this up please contact your Payroll Giving or HR department who will ask you to complete the relevant forms. It would also be helpful if you could let the Development Office know that you have done this, so we can look out for the payment when it arrives – please contact us at development.office@oriel.ox.ac.uk.

Employer Matched Giving

In addition, some companies are prepared to ‘match’ the gifts by their employees under the GAYE scheme. Please check with your employer to see if it has such a scheme, and let us know if you decide to give in this way.

Legacies

Gifts to charity left in your Will are exempt from inheritance tax, and leaving 10% or more of your net estate to charity will result in a reduced rate of inheritance tax—discounted from 40% to 36%. Taking advantage of this reduced rate means that both charities and your loved ones receive more of your estate. Please contact Bobby Higson on 01865 276 585 or email bobby.higson@oriel.ox.ac.uk for more information about including Oriel in your Will.

Making a Gift of Shares

Individuals who give shares to charity are entitled to claim back full tax relief against the value of those shares at their usual tax rate, whether that be 20%, 40% or 50%. No capital gains tax will apply. Tax relief is available to UK taxpayers donating shares and securities listed on the UK Stock Market, the Alternative Investment Market, and recognised stock exchanges overseas. It is also available for units in a UK unit trust, shares in a UK open-ended investment company (OEIC), and some similar foreign investments. Please email our Development Director Marco Zhang if you would like further information on making a gift of shares.