Tax efficient giving

There are many ways to make a donation to Surrey. Whether large or small, your gift has an enormous impact on life at Surrey.

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Gift aid

Gift Aid is a government scheme that allows the University to reclaim the basic rate tax on your gifts.

To qualify you must be a UK taxpayer and have paid UK Income Tax and/or Capital Gains Tax equal to or more than the amount of Gift Aid that all charities and CASC’s (Community amateur sports clubs) will claim on all your gifts in a tax year (6 April to 5 April).

If you are a UK taxpayer and have paid sufficient tax please tick the Gift Aid box when making your donation to enable us to claim Gift Aid. Please note the donor will be responsible if there is any tax shortfall.

For more information about Gift Aid, please visit the HM Revenue & Customs website or email Samira Rhoods or phone +44 (0)1483 683143.

Income tax relief

If you are a higher-rate taxpayer, you may be able to claim additional tax relief on your donations. If you pay tax at a rate of 40 per cent or above, you can claim the difference between the higher and basic rate on your donation.

For example: You donate £100 to the University of Surrey. We claim back £25 (making the value of your gift £125). If you pay 40 per cent tax, you can then claim back £25. The difference can be claimed through your self-assessment tax return, or asking HMRC to amend your tax code.

For more information about tax effcient giving, please email Samira Rhoods or phone +44 (0)1483 683143.

Inheritance tax

Making a gift in your will could reduce the inheritance tax on your estate, and leave a lasting legacy for students at the University of Surrey.

Inheritance tax is applicable if your estate is worth over £325,000 when you die. By choosing to make a bequest in your will, the amount of inheritance tax payable can be significantly reduced.

The University of Surrey is an exempt charity for all tax purposes (HM Revenue and Customs reference number X3967), and therefore all bequests to the University are exempt from inheritance tax.

If ten per cent of an individual’s net estate is given to charity in their will, they can benefit from a reduced inheritance tax rate of 36 per cent (instead of 40 per cent). The net value of your estate is the sum of all the assets after deducting any debts, liabilities, reliefs, exemptions and the nilrate band.

Individual circumstances differ, so if you are considering leaving a legacy, please make sure to consult a solicitor or financial professional to discuss the impact of making a bequest on your estate.

For more information on leaving a gift in your will, please email Becki Leach or phone +44 (0)1483 683143.

US taxpayers

If you are a US taxpayer, you can donate through the US-based Friends of the University of Surrey, Inc. to make your gift tax deductible.

Friends of the University of Surrey, Inc. is a non-profit organization established in the United States to support teaching, research and student achievement particularly at the University. The organization is a 501(c)(3) not-for-profit charity and is governed by an independent board of directors comprised of US alumni and University representatives.

For more information please visit Friends of the University of Surrey website.