Donations

Give As You Earn / Payroll Giving

• Payroll Giving is an easy way to make regular donations direct from your salary or pension.
• It actually costs you less to give more as it is tax free, as tax relief is available to individuals who give to charity by direct deduction from their pay.
• Your employer simply deducts the relevant amount from your pay before deducting tax and sends the payment to the charity.
• For example, if you wished to gift £10 per month, your employer would deduct only £8.00 from your pay (£6 for a High rate taxpayer). The charity would receive £10.
• Often employers wish to support their employees giving to charity and will match their gifts. Therefore your £8.00 gift could be worth £20 in the hands of the charity!!! (See table below)

Requirements

• You must be employed and paid under PAYE
• You need to make regular gift donations to a registered charity (such as New Futures Nepal) by direct deduction from your pay
• Your employer simply deducts the relevant amount from your pre-tax pay and sends the payment to the charity.

Gift Aid

• Gift Aid allows individuals to make donations and gifts, large or small on a regular or one off basis to New Futures Nepal.
• New Futures Nepal can then claim the tax back from the Inland Revenue on all your donations.
• For every £1 you give, they'll add an extra 25p from your taxes. Therefore for every £10.00 given, the charity can also claim an extra £2.50, making your gift worth £12.50. (In addition until 5th April 2011, H M Revenue & Customs will provide additional rules on qualifying donations worth an extra 3p in the £1.00.)
• It doesn't cost you a penny, and when you tick the box, all your gifts in future will also be topped up with Gift Aid.
• If you are a New Futures Nepal supporter and pay income or capital gains tax, please complete and submit a gift aid form, ensuring that the YES option is selected. See New Futures Nepal - Gift Aid Form
• If you do not pay tax, or if you are unsure about your tax status, we'd still like to know, so please select the appropriate options.
• Companies can make donations under Gift Aid by simply making a payment to a charity. The company can then deduct that amount from its profits for corporation tax purposes for the accounting period in which the donation was made.
• The company does not have to give a declaration. Proprietors of unincorporated businesses or partners in a partnership make Gift Aid payments as individuals as set out above.

Donating Shares and Assets to New Futures Nepal

• From April 2000, a new tax relief was introduced to encourage individuals and companies to give certain shares and securities to charity.
• Individuals can claim a deduction for the gift against their income for income tax purposes.
• This is in addition, to the exemption from capital gains tax which was already available for gifts of investments to charity.
• Donors may need to retain documentary evidence of their having given (or sold at under-value) the investments to a charity. This evidence would normally include a copy of the dated stock transfer document and any correspondence in connection with the gift.

Donating through your Self Assessment Return

• Individuals who are required to complete an Inland Revenue, Self-assessment form for Tax, have the opportunity to nominate New Futures Nepal to receive any tax rebates or overpayments due.
• For more information and to sign up, please see the Inland Revenue website dedicated for charitable donations. Please use our Reference Code: UAN19CG
• Please note this method of giving will only be available on Self-Assessment returns and does not replace existing Gift Aid.

Please give us your spare foreign notes and coins

• Please give any spare foreign notes and coins as a tax deductible gift.
• We can accept currency from any country, including old currencies from countries which now use the Euro, and can exchange them for the much needed funds to improve the lives of the disadvantaged children of Nepal.

Please send any unwanted currency to:

The Treasurer
 

Donate Your Business' Products

• Tax relief is available to businesses that gift an article to charity that is either:
• an item manufactured or sold in the course of the trade, or
• machinery or plant used in the course of the trade
• The relief is available to companies, sole traders and trading partnerships.