Payroll Giving is a flexible scheme which allows anyone who pays UK income tax to give regularly and on a tax free basis to the charities and good causes of their choice.
“Payroll Giving makes total sense. It’s the simplest way for me to make an ongoing commitment to Dreams Come True, and is the most tax-effective as it’s paid directly from my pre-tax pay.
Many employers, like my own, match donations through GAYE schemes, so there’s a significant additional benefit for the charity over and above regular gift-aid donations”.
Payroll Giving donations are deducted before tax so each £1.00 you give will only cost you 80p, and if you're a higher rate tax payer it will only cost you 60p.
Payroll Giving (also known as Give As You Earn or workplace giving) is a valuable, long term source of revenue, providing regular income to help charities budget and plan ahead more effectively. Employees can choose to support any charity of their choice with a regular donation direct from their pay.
It's cheaper because its tax free – for example, a donation of £5 per month costs the basic rate tax payer £4.00 (the taxman pays the rest!)
Higher rate taxpayers – the only way to pass on your 40% or 45% tax to charities. Only 28% can be recouped via other ways of giving.
So: If you want to give to Dreams Come True, save some tax, and make sure your donation is a large as it can possibly be, ask your employer about giving to charity through your monthly paycheque.
You can let us know that you want to set up Payroll Giving by calling 01428 726330 or email firstname.lastname@example.org