How it works?
If you choose to donate through Payroll Giving, you have full control over how much you would like to give. There is no minimum, or maximum amount.
If you pay the basic 20% tax rate, for every £1 that you earn, 20p is paid in tax.
That means if you pledge £10 a month, we’ll receive the full amount but only £8 will be deducted from your net pay.
If you pay income tax at the higher rate of 40%, you can pledge £10 a month and only £6 will be deducted from your net pay, and at the highest rate of 45%, only £5.50 would be deducted.
Benefits of Payroll giving for employers/businesses:
- Engage your employees in charitable giving
- It is free to your company and simple to set up
- Highlight your community involvement to your team, clients and stakeholders
- You can choose to match fund your employees donations
- Signing up to payroll giving can gelp to gain recognistion from industry peers by achieving a quality mark award- a government award given to businesses who execute varying levels of Payroll giving across their organisation.
Benefits to payroll giving as an employee:
- It costs less to donate more
- It is tax effective because donations are deducted before you pay tax
- It is a quick and convenient way to give, it comes directly off your monthly salary so hassle free
- No bank details are required to set up, we will only contact you should you opt in to hearing about the difference your support is making
- You can donate to more than one charity
- You can stop or change your donations at any time (and if you stop working for your employer it will automatically be cancelled.
