Friends of Kiwoko Hospital

Giving

 

 

Ways of giving to charities. (Emma Lunn, Sunday Telegraph 11/3/2007 - 'Thumb your nose at charity cards'.

Gift Aid - also see and also see and also see.
If you tick the Gift Aid box when donating to charity, the charity can reclaim basic-rate tax from the Inland Revenue; higher-rate tax payers can also claim back the difference between this and the higher rate of tax.
To be eligible forGiftAid you need to have paid UK tax in the current tax year amounting to at least the 28
per cent claimed back. So if you donate £100 you will need to have paid at least £28 in tax this taxyear.

Stewardship and CAF 'cheques'.

Legacies - also see
Britain's largest charities receive about 30 per cent of their donations from money left in people's
wills; charitable donations made this way are free of inheritance tax.

Give As You Earn (FOKH is restered for GAYE)
With Give As You Earn - Britain's largest payroll giving scheme,- you can donate directly from your pre-tax
salary, so money that would normally go to the taxman goes to charity instead. This means that if you are a basic- rate taxpayer and pledge £10 a month, it will cost you only £7.80.

Tax rebates
In 2004 a new box was added to the Inland Revenue's self- assessment form allowing taxpayers to elect for part or all of any tax rebate to be given straight to a nominated charity. The charity must be on the Revenue's list of approved recipients, but most of the main charities have signed up.

Stocks and shares
Any quoted share can be gifted to charity tax-free. Not only is the donation tax-free (potentially exempting donors from capital gains tax) but the value of the gift can also be used to reduce income tax.

Via Credit card
We have looked into thds. It turns out to be quite expensive with 4-7% of monies given being deducted after all
the costs have been taken into account. Justgiving.com, CAF. We are currently looking into using PayPal.

Using Gift Aid

The Gift Aid scheme allows you to give to the charity FOKH in such a way that we can reclaim tax back at the basic rate and thus increase the value of your gift.  A basic rate of tax of 22% means that a gift of £100 increases in value to £128. You need to be a UK taxpayer (but don't need to be resident in the UK) and to have paid (personally, not by another person) enough income tax or capital gains tax each year to cover the amount that we reclaim from your donation. Higher rate tax payers receive extra relief claimed through their tax return.

You must inform us if you no longer pay sufficient income tax or capital gains tax so that we do not reclaim too much tax on your giving.When you declare below that you wish this and any future donations to Friends of Kiwoko Hospital to be under the Gift Aid scheme this does not commit you to any future giving. It simply means that we can treat future gifts from you as being under Gift Aid.  You can cancel your declaration at any time (phone 02890-423387 or email feedback@fokh.org.uk).

Gift Aid combined with a Banker's Order

To give on a regular basis by Banker's Order linked to Gift Aid:

i. click here to download the Adobe .pdf form and mail it to me, or
ii. email me your address and I will send you a form, or
iii. write to me at:

Gift Aid, FOKH
30 The Close
Marino
Holywood BT18 0AW.
N. Ireland.

Gift Aid a single gift

Please download and fill out this form. Click here.

Bequests - legacies

Fill in request/notification form on bequest/legac:Click here

WHY SHOULD I WRITE A WILL?

Making a Will gives you full control over your money and assets to ensure they go to the people and causes you care about most. If you die intestate (without making a Will), the laws of intestacy will decide how your estate is divided up, which will not take your intentions into account. Your estate will not necessarily pass automatically to your spouse in all cases, depending on its value and whether you have children or other relatives. In some circumstances your assets might even pass to the government.

Once you have provided for your family and friends you may wish to consider expressing your support for Kiwoko Hospital by leaving a legacy. Legacies can become a vital source of funds for the Hospital: if we know that a certain number of people have left bequests, the hospital can plan accordingly, in the knowledge that a stream of legacy income will become available in time.

MAKING YOUR LEGACY TO KIWOKO HOSPITAL

If you do leave a legacy to Kiwoko Hospital through the charity 'Friends of Kiwko Hospital', then we will follow instructions in your Will to ensure that your wishes are met. You may wish to consider:

• A general purposes legacy – gifts left for the Hospital's general purposes are particularly valuable as they allow the Hospital to respond according to its most pressing priorities.

• A specific purpose legacy – you may wish to support a particular area of work of the hospital (eg., community based health care, HIV/AIDs counselling, mother and child health, the Good Samaritan Fund) by leaving a specific purpose legacy.

TYPES OF LEGACIES

It would be your decision what type of legacy you wish to leave to Kiwoko Hospital and donors can leave anything within their estate. All gifts, large and small, are welcome.

The most common types of legacy are:

• Residuary gift – you can leave a percentage of your estate after other gifts and charges have been met, including taxes and expenses. This is possibly the most effective way to leave a gift because its value will not be eroded by inflation.

• Specific or non-money gift – you can leave a personal possession, for example, property, jewellery, works of art, stocks and shares or other valuables.

• Pecuniary gift – you can leave a fixed sum of money.

• Remainder gift – you can leave your assets to a chosen beneficiary for them to enjoy during their lifetime with the whole or part of them passing to Kiwoko Hospital upon their death.

CAN I CHANGE AN EXISTING WILL TO LEAVE A LEGACY?

Yes. You can update or change your Will at any time. We recommend that you obtain the professional advice of a solicitor when making your Will. Your solicitor can advise you on the best way to update your Will either by re-writing it or amending it through a codicil. This can be done relatively inexpensively.

You may wish to review your Will as a matter of course if your wishes or circumstances change, for example, if you get married, have children, move house or if someone mentioned in your Will dies. Updating your Will periodically ensures that it continues to reflect your wishes accurately and will give you peace of mind.

WHAT ARE THE TAX IMPLICATIONS OF LEAVING A LEGACY?

Estates above a certain value are subject to Inheritance Tax on their net value (that is, the amount remaining after debts and other charges have been met and legacies to tax-exempt beneficiaries such as Kiwoko Hospital have been deducted). You can reduce the tax liability on your estate by making a legacy. We recommend that you consult the Inland Revenue, your solicitor or accountant when considering possible ways of minimising the tax burden on your estate.

Legacies left to Kiwoko Hospital are donated through Friends of Kiwoko Hospital, which is granted charitable status for tax purposes by the Inland Revenue (reference number XN77395) so any gifts made to it either during your lifetime or on your death are exempt from tax.

TO FIND OUT MORE

We appreciate that leaving a legacy is a very personal matter and your family and friends should be considered first. However, we do hope that it is still possible for you to include Kiwoko Hospital in some form in your Will.

You can contact us for more information on what your legacy could do for the Kiwoko Hospital by completing the form attached. You can also contact us to discuss any queries you may have or to let us know if you have already included Kiwoko Hospital in your Will.

You can contact us for further details on legacies, development fundraising and other ways in which you can help Kiwoko Hospital continue to be successful.

By post to:

FOKH
30 The Close
Marino
Holywood .
N. Ireland BT18 0AW

or by email to: feedback@fokh.org.uk

All correspondence will be treated as confidential.

Other Gifts

For all other gifts not using Gift Aid please send to:

The Treasurer, FOKH
19 Moira Drive
Bangor BT20 4RN
N. Ireland

and mention you do not want it Gift-Aided.

About Us | Contact Us | ©2005 Friends of Kiwoko Hospital Inland Revenue Charity Reference XN77395