WSVC - Resources for Members

How to Give to West Suffolk Vineyard Church

1. Tax Payers can make regular and one-off gifts through 'Stewardship' who quickly and efficiently manage all the Gift Aid for West Suffolk Vineyard.

a) Click here to find out all about the 'Stewardship' scheme including how to open an account to give regularly to West Suffolk Vineyard.

b) Pick up a Stewardship Leaflet from the welcome desk on Sundays, or contact Angela on angela@wsvc.org.uk and ask for a leaflet to be sent to you.

2. Non tax payers with a regular income and a bank account can make regular gifts by direct debit into the bank account of West Suffolk Vineyard Church

Bank Details:

The Royal Bank of Scotland

90 Guildhall Street

Bury St Edmunds

Account Name:

West Suffolk Vineyard Church

Account No: 10055123

Sort code: 16-14-98

3. Those without a regular income can put cheques or cash in the buckets on Sundays

4. Those without a bank account can put cash in the buckets on Sundays

More information for Higher Rate Tax Payers

Facts about the tax and gift aid system

Here are four worked simple examples:

(these are used for illustration only)

Example 1

Income	23,500.00	Gift	5%		of gross income

Marginal tax rate			20%

Effect on individual

Gift			1,175.00		per annum	97.92	per month
Additional tax relief		40%	0.00		per annum	0.00	per month
		50%	0.00		per annum	0.00	per month

			1,175.00		per annum	97.92	per month

Effect on Church

Gift			1,175.00		per annum	97.92	per month
Gift aid received			293.75		per annum	24.48	per month

			1,468.75		per annum	122.40	per month

Example 2

Income	50,000.00	Gift	5%		of gross income

Marginal tax rate			40%

Effect on individual

Gift			2,500.00		per annum	208.33		per month
Additional tax relief		40%	(625.00)		per annum	(52.08)		per month
		50%	0.00		per annum	0.00		per month

			1,875.00		per annum	156.25		per month

Effect on Church

Gift			2,500.00		per annum	208.33		per month
Gift aid received			625.00		per annum	52.08		per month

			3,125.00		per annum	260.42		per month

Example 3

Income	75,000.00	Gift	8%		of gross income

Marginal tax rate			40%

Effect on individual

Gift			6,000.00		per annum	500.00	per month
Additional tax relief		40%		(1,500.00)	per annum	(125.00)	per month
		50%		0.00	per annum	0.00	per month

				4,500.00	per annum	375.00	per month

Effect on Church

Gift				6,000.00	per annum	500.00	per month
Gift aid received				1,500.00	per annum	125.00	per month

				7,500.00	per annum	625.00	per month
Example 4

Income	200,000.00	Gift		10%	of gross income

Marginal tax rate				50%

Effect on individual

Gift				20,000.00	per annum	1,666.67		per month
Additional tax relief		40%		0.00	per annum	0.00		per month
		50%		(7,500.00)	per annum	(625.00)		per month

				12,500.00	per annum	1,041.67		per month

Effect on Church

Gift				20,000.00	per annum	1,666.67		per month
Gift aid received				5,000.00	per annum	416.67		per month

				25,000.00	per annum	2,083.33		per month

Please speak to Chris Walling (one of WSVC trustees) if you would like more information about how to give tax effectively as a higher rate tax payer. Contact him through the WSVC office.