Donations to the AERC
Donations may be made by one of the following means and, where there are tax implications, these are set out:
By a single one-off payment by cheque made payable to the Alcohol Education and Research Fund.
Under the Gift Aid scheme, if you pay income tax or capital gains tax, the AERC can reclaim the tax you have paid at basic rate on this donation. At current tax rates, this means that for every pound you give, the AERC can get another 28 pence from the Inland Revenue. If you are a higher rate tax payer, you can include the donation on your Self Assessment tax return and get back the difference between the higher rate and basic rate. At present, that is worth 23 pence for every pound you have given to the AERC.
To enable the Council to reclaim the tax on this and all future donations please download the Donations Leaflet and complete the Declaration.
Note: You must pay an amount of income tax and/or capital gains tax at least equal to the tax that the charity reclaims on your donations in the tax year (currently 28p for each £1 you give).
By donating certain quoted shares and securities to the AERC.
Under tax incentives introduced in the 2000 Budget individuals and companies may now enjoy significant extra tax savings when they make such gifts. Details of the tax advantages are set out in the Donations leaflet. Any shares donated in this way will be passed to the Council's Fund Managers, Baillie Gifford & Co, who may wish to sell the shares and re-invest the proceeds.