Parish Support - Information for Higher Rate Tax payers

Giving from Higher Rate Tax payers attracts tax rebates at the full 40% - but not in the way most people expect.

The difference between the 20% standard rate and 40% higher rate (i.e. 20%) comes back to the Giver as a personal reduction in their tax bill. The Church can only benefit from this extra tax gift if the Giver takes action to pass it on.

How can this be done? Higher Rate Tax payers are asked to increase their giving by one third over and above the sum they expected to give to their Church. This extra money will come back to the Giver from the Inland Revenue.

So, as a Higher Rate Tax payer you can increase your giving by 33% - at no personal cost above the sum you originally expected to give - amazing, but true!  

For further information, contact Carole Park on carolepark@southwell.anglican.org