CF Dream Holidays is a charity which allows both individual and corporate supporters to make tax efficient gifts, either as a lump sum or spread over a number of years.
Making a donation under the Gift Aid scheme allows the charity to reclaim from the government the basic rate (20%) of income tax – without it costing you an extra penny. This means that for every £1,000 donated, we can recover £250 of tax, so it’s worth £1,250 to us.
If you are a higher rate tax payer, and donate £1,000, then you can then recover the difference between the basic rate (20%) and the higher tax rate (40%) through your tax return and get a refund of £250. If you choose to donate this £250 to Dream Holidays, we can recover the basic rate tax on this second donation too. In total, as a higher rate tax payer, both donations together are worth £1562.50 to us.