Hi
From the next tax year my salary will be around £1500 above the basic 20% to the 40%!!! this is the first time that I have been in this band of tax.
I don`t mind paying the extra in tax,,, but I give about £1000 a year to charity
and always use Gift Aid so the charity gets the extra but as a higher tax rate earner does the charity get the extra?
Am I reading it right from the links that
because I am a higher rate tax payer I can claim the difference between the 20% and 40% on a £1000 donation!!!!! I can claim back £250.
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