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.
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 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 email@example.com.
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.
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 Philippa Wadsworth on 01865 286 541 or email firstname.lastname@example.org for more information about including Oriel in your Will.