You don’t get Gift Aid until you actually make the donation
If you don’t donate in a given tax year you won’t get the Gift Aid for that tax year at all, if I understand right—the tax relief is lost.
The appeal of a DAF is you can claim the Gift Aid/​tax deduction immediately but defer donating. I think you can also put securities in the DAF, so growth on it would be tax-free presumably.
Yeah, and how much you value the flexibility depends on what you expect to donate to.
EA Funds already allows you to donate to small/​speculative projects, non-UK charities, etc, via a UK registered charity, so ‘only ever donating to UK charities’ is less restrictive than it sounds..
If you don’t donate in a given tax year you won’t get the Gift Aid for that tax year at all, if I understand right—the tax relief is lost.
The appeal of a DAF is you can claim the Gift Aid/​tax deduction immediately but defer donating. I think you can also put securities in the DAF, so growth on it would be tax-free presumably.
Yes that’s what I meant—will edit for clarity
Gotcha. Thanks for the answer—I guess UK DAFs will only ever allow you to donate to UK charities, so maybe the lack of flexibility isn’t worth it.
Yeah, and how much you value the flexibility depends on what you expect to donate to.
EA Funds already allows you to donate to small/​speculative projects, non-UK charities, etc, via a UK registered charity, so ‘only ever donating to UK charities’ is less restrictive than it sounds..