Payroll Giving is a simple, tax efficient scheme which allows employees to donate to us directly from their gross salary. Donations are deducted from the donors pay before income tax is deducted, meaning that you receive tax relief on your donation immediately, resulting in your donations costing you less.
For example, someone paying income tax at the basic rate of 20% would only need to pledge £8 in order to make a £10 donation to charity, and a higher rate tax payer (40%) would need only pledge £6 to match the same donation.
Payroll Giving is very simple to set up and operate, with very low administration costs to the charity. Our charity benefits because we receive regular, reliable donations without having to spend money to make money.
Their are many benefits to Payroll Giving for both the employee, and the employer, some of these include:
- enhancing your corporate image
- better reputation within the public eye
- boost employee moral by allowing them to donate with ease
- little or no set up costs
- allow your employees full control of their donations
Also, once you have set up your scheme, you will be legible to use the Giving Quality Mark on your letterheads, website and other company literature. This mark acknowledges organisations for making Payroll Giving available to their staff.
Bronze, silver and gold Award Marks are also awarded to those organisations that achieve certain staff participation rates, in 2010, over 800 companies were awarded a gold certificate for their participation, and this year you could be one of them.
So what do I need to do now?
- Ask if your employer has a payroll Giving scheme in place, if they have not, then they will need to sign up with a Payroll Giving Agency (PGA), these are the people who distribute your donation to us. The 3 main PGAs are Charities Trust, Charitable Giving, and Charities Aid Foundation.
- Next, simply fill out the Payroll Giving form, and we will do the rest.
Alternatively download the PDF copy here.