Support us

Tax-efficient ways of giving

We welcome any membership subscription , or any gift large or small, as we are totally reliant on the generosity of waterways supporters for our funding.

The main ways of making donations in a tax-efficient manner are as follows:

Income Tax/Gift Aid

If you are a UK tax-payer, by using the Gift Aid scheme, IWA can reclaim £282 from the Inland Revenue for every £1,000 you donate.

We reclaim the tax by forwarding details of your gift to the Inland Revenue. If you are a higher-rate taxpayer, you yourself can also reclaim £231 on every £1,000 you donate (assuming a basic rate of tax of 22%, and a higher rate of 40%). Simply enter the details on your tax return.

For example:

Single Gift                  Net cost to Donor                    Gross value to IWA

£1,000                       £769                                         £1,282

£3,900                       £3,000                                      £5,000

£23,400                     £18,000                                    £30,000

Multiple Gifts

Gift Frequency          Duration             Net Cost           Value to IWA
 
£10.86 per month     3 years               £300                 £500

Companies

Companies which make donations to charity can reduce their liability for Corporation Tax through the use of the Gift Aid scheme.

Legacies

All bequests to IWA are exempt from Inheritance Tax (40% at April 2004). In April 2006 the threshold for Inheritance Tax was increased by 4% to £285,000. The government has scheduled further small increases in the threshold up to £325,000 by 2009/10. We are most grateful to donors who make provision in their Will in favour of IWA and they may count on the same recognition and gratitude as other benefactors.

Stocks and Shares

Individuals can obtain a double-form of tax relief by donating gifts of shares and securities to IWA: the value of the gift can be offset against any income tax liability and in addition the gift would be exempt from any liability for capital gains tax.

For a higher-rate taxpayer who donates £10,000 worth of shares, this will mean a reduction of £4,000 in his Income Tax liability, as well as avoiding any Capital Gains Tax liability, a further saving of £4,000. This means that shares can be given at a much reduced cost and there may be even a net cash flow gain, if the Income Tax relief is worth more than the shares cost in the first place. Please consult our Finance manager for more information.

Tax refund gifts

If you are a UK taxpayer and complete a Self-Assessment tax form, you can use the form to donate to IWA all or part of any refund due to you. To do this, use the code  GA K5 6T G  when completing your Self-Assessment gift aid reclamation form (SA 100 charity). You can also choose to make your refund a Gift Aid donation.

Gifts from Overseas

Donors who are resident in the United States can qualify for an income tax deduction on gifts made to IWA. Please contact our Finance manager for more information on donating to IWA.
 
If you are a US taxpayer, your donation qualifies under Section 501(c) 3.

There are many ways that you can support the work of The Inland Waterways Association, and in turn contribute to safeguarding Britain's inland waterways.

• Become a Member 
• Donate
• Volunteer
• Leave a legacy
• Send us your photos
• .........All of the above