Originally posted by oracleslave
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
I got
Collapse
X
-
Bazza gets caught
Socrates - "The only true wisdom is in knowing you know nothing."
CUK University Challenge Champions 2010 -
Bazza gets caught
Socrates - "The only true wisdom is in knowing you know nothing."
CUK University Challenge Champions 2010Comment
-
They take a 5% fee of the amount after gift aid has been calculated, they don't take gift aid as thier cut comes from the original donation.
Work it out the figures, if they took 5% off and then claimed gift aid on the outstanding amount the charity would get the same as if they take 5% off the amount of the donation + gift aid.
e.g with gift aid
Donation = £10
Gift Aid = £2.82
Justgiving Gets 5% of £12.82 = £0.64
Charity Gets £12.82-£0.64 = £12.18
Without gift aid
Donation = £10
Justgiving Gets 5% of £10.00 = £0.50
Gift Aid of £9.50 = £2.68
Charity Gets 9.50 + £2.68 = £12.18
As you can see the charity gets the same either way.
All explained in a very detailed way on thier website, and it actually results in a lot of the smaller charities getting more, as they don't generally claim gift aid back because of the cost of getting accountants to do it for them.
The fee's are actually quite competative, they get low credit card fee's because they put through a large volume of credit card payments (so card fees are much lower than any small charity could get) and a 5% fee for all the accounting work involved in claiming gift aid back is quite competative.
http://www.justgiving.com/Statements...w_it_works.asp
Details aboveComment
-
Originally posted by cailin maith View Posthow can they take the gift aid??? the whole idea is that it's for the charity!!
(donation + gift aid) * 5%It's about time I changed this sig...Comment
-
Originally posted by cailin maith View Postmy chasing the aurora money back from justgiving - did anyone else???
But they ought now to change their name to MainlyGivingButOccasionallyRefunding.com.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment