Kirk Braddan

Donations, covenants and legacies

This page details some of the ways in which you can help financially the work of the Church in the parish of Braddan.

If you pay Isle of Man income tax, donations and covenants are two tax-effective ways in which you can help.

This is because the Parochial Church Council is in law a charity (it is exempted by the Religious Charities Regulations 1999 from registration under the Charities Registration Act 1989). You can claim tax relief for gifts or covenanted payments, or for both.
(If you do not pay Isle of Man income tax you should take appropriate advice.)

Donations

Gifts to charities, not exceeding £5,000 in total in any tax year, are deductible from an individual's income for tax purposes.

For example, if you give the Church £500 out of taxed income, the cost to you is £500.

But if you pay tax at 18%, and give the Church £609.76, you can claim tax relief on that amount.

The cost to you, after tax, is still £500, but the Church is £109.76 better off.

To claim tax relief, you should send your donation with the donation form (click here); the receipt will be returned to you, to send to the Assessor of Income Tax with your tax return.

Covenants

If you sign a deed of covenant (a formal written promise) to pay regular amounts to the Church for at least 4 years, you can claim tax relief on your payments. In this way you can increase your regular giving at no extra cost to you.

For example, if you give £5 every week, the cost to you is £260 a year.

But if you pay tax at 18%, and give a covenant to pay £317.07 a year (£6.10 a week) for 4 years, you can claim tax relief of £57.07 on that payment.

The cost to you, after tax, is still £5 a week, but the Church is better off by £1.10 a week.

Click here for a form of covenant, and here for a form of standing order if you wish to pay this way.

Legacies

For as long as the Church has existed, it has been largely supported by gifts by will. The following form of words is suggested for inclusion in your will:—

I give the sum of — pounds to Kirk Braddan Parochial Church Council for the general purposes of the Council and I direct that the receipt of the Treasurer for the time being of the Council shall be a sufficient discharge to my executors.

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