FAQS
Yes. Provided you pay enough Income Tax or Capital Gains Tax (but not VAT, Rates or Council Tax) then all the money you give to the Convention can be increased.
The increase will be related to the standard rate of Income Tax. With the rate at 20% a gift of £100 will be increased to £125. Or a gift of £500 will become £625.
The extra money is actually the tax which you pay on your salary or wages or pension or on the interest you get from your bank or Building Society, or tax credits on dividends, or any Capital Gains Tax. HM Revenue & Customs refunds the tax to the Convention.
Yes. You should limit your giving to all charities under the Gift Aid Scheme so that the extra amount received from HMRC does not exceed the total amount of tax which you will have paid in the current tax year. So if you pay £1 a week tax you could still give a total of £210 to all charities under the Scheme. If you have any doubts, ask the Treasurer.
No. None at all. Indeed if you pay any tax at the higher rate of 40% then you could actually claim a refund of tax yourself from HMRC.
There is just one simple declaration which you will have to make. When you select one of the methods of donating you just need to tick the Gift Aid box and this will cover all payments which you make now and in the future until you let us know that you no longer pay sufficient tax.
The Convention acts as a ‘clearing house’ for missionary giving. We distribute the gifts of individuals to the evangelical Missionary Societies of their choice. By using the Convention you can avoid having to send the money yourself to a number of different Societies. And you can change the Societies which receive your money each year if you wish. This service is provided totally free – we make no deductions for expenses.
When we send money to a Missionary Society we include a list of the names and addresses of the donors, the amount they paid and any particular instructions which they may have given (eg for the support of a particular missionary or project). Where a donor wishes to give anonymously we do not disclose their name.
The Convention normally distributes money twice a year – in July and in December. In July we distribute money where the total already received for any particular Society is at least £100. In December we distribute all the remaining money which has been received during the year apart from a balance of unallocated money which we carry forward to the next year.
Now! Don’t put off planning your missionary giving!