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.)
Gifts to charities, not exceeding £7,000 in total in any tax year, are deductible from an individual's income for tax purposes (but restricted to 10%).
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.
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 (restricted to 10%). In this way you can increase your regular giving at no extra cost to you.
Click here for a form of covenant, and here for a form of standing order if you wish to pay this way.
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:—
For further information about legacies to the Church, visit the Church Legacy website. NB Material on this site should be read subject to the notes on gifts to the Church in the Isle of Man here.
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