Gift Aid is a method charities use to reclaim tax from the donations you make to them - which effectively means that for every £10 you donate the charity receives £12.50!
You will clearly want to ensure that the charity receives this extra money from your fundraising so here's what you need to do to make sure they do:
- you must supply the charity with your name and address
- you must supply the charity with the name and address of everybody who has sponsored you
- the charity will only be able to claim Gift Aid from those donors who are UK tax payers - and they must tick a box to confirm that they are
Charities will usually give you a sponsorship form that has boxes so that you can fill in these details easily.
Below is an example sponsorship form:
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