Payroll giving is a HM Customs & Revenue scheme that enables employees to donate tax free through their pay to any charity in the UK.
What are the benefits?
- Payroll giving is one of the easiest ways for employees to give regularly to charity – it’s simple, flexible and tax-efficient.
- Employees choose how much they want to give each month (minimum £1), and the charities they want to support. The donation is then taken from their pay before tax, so it costs them less. For example, a donation of £5 per month costs the basic rate tax payer just £4, but because the taxman pays the rest, the charity will receive the full £5 pledged.
- More than 10,000 UK employers currently operate the scheme.
What are the benefits for employers?
Quick and easy to set-up and administer, payroll giving is a great way for companies to demonstrate commitment to the causes that their employees care about. It can also aid retention and recruitment of staff, and enable them to generate a sustainable income stream to charities.
What are the benefits for Woking & Sam Beare Hospices?
Payroll giving supplies the Hospices with a vital source of regular income, enabling us to plan with confidence and continue to make a lasting difference to our patients and their families.
What are the benefits for employees?
Payroll giving is an easy, tax-effective way to give to charity – so it costs employees less to give more. The system is easy to opt in and out of, giving donors full control over their giving. Please contact us on 01483 881752 or send an email for further information.
What’s it worth?
|You pledge monthly||Your net deduction Basic rate tax payer||Your net deduction Higher rate tax payer||Charity receives|
*This amount will show as a deduction on your payslip. The actual cost to you is the amount you pledge – the taxman will do the rest!