If you would like to donate money to The Academy there are many options.  If you are a taxpayer, choosing the right payment method can make sure the gift is tax-efficient, too.  The school will gain more from your support if you donate through a designated scheme, such as Gift Aid and payroll giving.  You can also reduce the inheritance tax liability of your estate by leaving a gift to the school in your Will.

Gift Aid payroll giving

If you're self-employed or want to make a one-off donation, Gift Aid is probably the best choice. It allows the school to reclaim the basic-rate tax on donations made by UK taxpayers from the Inland Revenue.  In addition, higher rate taxpayers can claim tax relief on the gross amount of the donation, meaning that the donation costs them less.  If you are an employee 'Give as You Earn' is the most tax effective way to make regular donations. Under the scheme, you make a donation tax-free from your gross salary to any cause of your choice.  For more information about our Regular Giving appeal, please follow this link:
'Find out more about Regular Giving'

Remember The Glasgow Academy in your Will

Many former pupils do not want the Exchequer to have another share of their wealth when they die and so choose to leave a gift to the school.  Bequests and legacies to The Glasgow Academy are completely free of inheritance tax and it is very easy to include a legacy in your Will.  Alternatively if you have already drawn up a Will, you may add a simple bequest by way of a Codicil.  For more information please follow this link: 'Leave Glasgow Academy a gift in your will'

Stocks and shares donations

You can also give shares and other UK registered assets to The Glasgow Academy and claim tax relief.  By signing the certificates over to the school, you will not be liable for capital gains tax on the difference between the price you paid and their value when you make your donation.  You can also claim back other fees, such as costs involved in the transfer or stamp duty and offset the value of the shares against your income tax on your self-assessment tax form.

Property donations

All donations of land or property to The Glasgow Academy qualify for full income tax relief. For example, if you are a higher rate taxpayer and you give a property worth £100,000 to charity, you can reduce your income tax bill by £40,000!