Audience: Guests & Couples

Summary

Gift Aid cannot be applied directly through Prezola when contributions are made to charitable gift funds. This is because Prezola acts as a platform for pledging funds, not for donating directly to a charity.

How Gift Aid Works (And Why It Doesn’t Apply Automatically on Prezola)

Gift Aid is a UK government scheme that allows charities to claim back 25p every time an eligible donor gives £1, at no extra cost to the donor. However, this can only be applied if the money is given directly to the charity by the individual making the donation.

Since guests pledge funds to a couple’s Prezola account, not directly to a registered charity, Gift Aid cannot be applied at the point of pledging.

For Guests

- When you contribute to a charity fund through Prezola, you're pledging money to the couple.

- The couple will then transfer that money to their chosen charity themselves.

- This means that you as the guest are not eligible to claim Gift Aid on your contribution through Prezola.

For Couples

- When you withdraw the pledged funds and donate them directly to a registered charity, you may be able to apply Gift Aid at that point.

- This depends on the charity's policies and whether you meet the Gift Aid eligibility criteria (e.g., UK taxpayer).

- You will need to complete the charity's own Gift Aid declaration form or process at the time of making the donation.

Best Practice & Recommendations

✔️ If you intend to support a charity with your Prezola funds and would like to apply Gift Aid, contact the charity directly when making the donation.

✔️ Keep a record of your withdrawal from Prezola and provide the donation details as required by the charity.

✔️ If you're unsure about Gift Aid eligibility, consult with the charity or visit the HMRC Gift Aid page for guidance.

Need Help?

For questions about fund withdrawals or charity fund management, please contact our Customer Service team. 

Chatbot Summary Version

Q: Can I apply Gift Aid to my Prezola charity fund pledge?

A: Gift Aid can’t be applied via Prezola since the platform doesn't donate directly to the charity. Couples can apply Gift Aid when they transfer the money to the charity themselves.