Did you know that you could help the church financially if you pay any form of Income Tax? For every £1 you donate the church will receive an extra 28p tax refund- at no extra cost to you! It means that if you are a taxpayer, the Church can reclaim tax on all your donations, increasing income by almost a third again on top of what you give. It can cover all giving, whether by weekly or monthly offertory, irregular donations, or single one-off donations. Your tax is repaid to The UCKG at the basic rate equivalent.
So if you give £2 per week, that’s £104 in a year coming from your taxed income. If you pay tax at the basic rate of 22%, you have already paid £29.33 in tax on that £104. The Church will get that back from the Government.
Or for a single donation of £50, which comes from your taxed income, the Church can reclaim the £14.10 of tax you have paid on it.
It applies to income tax or capital gains tax, at whatever rate you pay, as long as you have paid sufficient tax for a reclaim to be made. If you pay tax at the higher rate you will receive additional relief.
Here are some examples of how the church can benefit from UK Taxpayers in a space of just one year.
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