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- 6 -

The Useful but Dull Bit –

Tax-Efficient Giving

We are sure many of you know about tax-

efficient giving. But here’s a reminder.

The Dragon is a charitable trust. UK tax

payers can claim back the difference between

the basic rate tax and the higher rate of

40% and 45% tax. The Dragon can claim

back 25% basic rate tax, and add it to the

transformational bursary fund. *

If you wish to donate, you can consider the

tax the Dragon can reclaim, and the tax you

may be able to reclaim, in your calculations.

A donation of £108,000, which would fund

a day pupil starting in E Block all the way

through the School, would cost a donor

entitled to claim back UK tax at 45% just

£56,375.

US and European tax-payers can also

donate tax efficiently. Further details can be

provided by the Development Office.

You Give The Dragon Receives Cost to 40% Taxpayer

Cost to 45% Taxpayer

£

50.00

100.00

1,000.00

5,000.00

10,000.00

80,000.00

100,000.00

£

62.50

125.00

1,250.00

6,250.00

12,500.00

100,000.00

125,000.00

£

37.50

75.00

750.00

3,750.00

7,500.00

60,000.00

75,000.00

£

34.38

68.75

687.50

3437,50

6,875.00

55,000.00

68,750.00

The cost of a donation for UK higher rate tax-payers who are able to reclaim tax

* Please seek professional advice on tax matters; if more tax is reclaimed than was paid, it is your

responsibility to pay the difference.