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This is particularly valuable for higher rate or additional rate taxpayers, who will benefit from 40% or 45% initial tax relief – especially if they might be basic rate or even non taxpayers in retirement.
The order, which makes a non-taxpayer ineligible to serve as President, goes into effect immediately.
That means you have to tell HM Revenue and Customs unless you're a non-taxpayer.
However, state legislators treat all of this non-taxpayer money as if it were theirs to collect and disburse.
But for a basic or non-taxpayer they offer poor value - unless you are one of the lucky ones to scoop a big prize.
And, if only you will promise not to stand again, I much look forward to having that non-taxpayer funded drink that we have so far not managed to fit into our diaries".
To understand how all this could work in practice, it might be helpful to consider the case of a single very rich taxpayer (or non-taxpayer): Donald Trump himself.
It is sending shockwaves through the university sector but if half the concern had been shown at the draconian action of the UK Border Agency against non-taxpayer-funded higher education, the sympathy would be much greater.
Red Tape Update: Don't Worry About Non-Taxpayers Tax compliance takes more than seven billion hours.
Non-taxpayers can reclaim all the tax using form R85. But the Inland Revenue says the 10percentnt rate applies only to earnings from employment, not savings.
As non-taxpayers this shouldn't happen to most students, so make sure you have filled in the Inland Revenue's R85 form to claim exemption".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com